WICHITA, Kan. -- The U.S. economy faces continued modest growth and improved inflation prospects, Kansas City Federal Reserve President Thomas Hoenig said.

Mr. Hoenig, speaking to the Chamber of Commerce here, said inflation prospects have improved markedly since the first quarter.

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.