- FED: Richmond Fed Pres Lacker told reporters Q1 GDP weakness is mostly transitory
Market news
10 May 2011
FED: Richmond Fed Pres Lacker told reporters Q1 GDP weakness is mostly transitory
- growth to resume a good moderate pace ahead;
- but it's reasonable to rev down the yr's growth forecast after Q1.
He's unsure what to make of recently higher unemployment claims. Infl rise to over 4% is transitory.
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