Fed's Lacker Says U.S. on Track for Soft Landing

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00015020-feds-lacker-says-us-on-track-for-soft-lan/

By Tim Ahmann, Reuters

The U.S. economy appears set for a soft economic landing in which growth is solid, inflation low, and workers and businesses fully employed, a top Federal Reserve official said on Wednesday.

“The economic outlook is fairly encouraging,” Richmond Federal Reserve Bank President Jeffrey Lacker told a luncheon sponsored by the Charlotte Chamber of Commerce. “Growth is on a solid footing, despite this year’s run-up in energy prices and the disruptions of a devastating hurricane season.”

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Fed's Lacker Says U.S. on Track for Soft Landing

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