Daily Economic Indicator: Fed official says "healthy growth" coming in mid-2010

07/10/2009 | Reuters

Gary Stern, president of the Minneapolis Federal Reserve Bank, said economic recovery was "close at hand." Mr. Stern said growth would be modest through next year, but "healthy growth" would begin in the middle of 2010. Mr. Stern also downplayed fears that inflation would explode as the economy recovers.

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