Daily Economic Indicator: Fed's Lacker says economy to expand at decent clip

01/18/2010 | ABC News

Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, said the economy would likely expand at a decent clip in 2010. "I think the most likely outcome is that the economy will grow at a reasonable pace this year," Mr. Lacker said. He said consumer spending and a recovery in the housing market would help offset issues in the commercial real estate market.

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