Bloomberg (06/24/14) Matt Boesler; Nina Glinski
Federal Reserve Bank of Philadelphia President Charles Plosser says he is “fairly optimistic” that the economy will exceed 2.4% growth for the rest of 2014 and 2015 given steady job growth. The expansion likely will slow to 2.4% after 2015, Plosser told the Economic Club of New York.
“The rebound after the bad winter seems to be progressing, the outlook for unemployment is a bit better, and the inflation rate appears to be firming,” Plosser said. “Current data suggest economic strength is fairly broad-based, as witnessed by recent performance and the optimism expressed by firms in many manufacturing and service sectors.”