BATON ROUGE, La. -- The U.S. economy has been showing signs of strength that should lead to sustained growth but at a slow pace, two Federal Reserve bank presidents said.

The regional Fed presidents, Robert Black of Richmond and Robert Forrestal of Atlanta, also said that the central bank remains committed to curbing inflation and that the chances of a "false start" recovery have been diminishing.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.