Washington - The U.S. economy appears to be headed for a broad-based expansion without the inflationary pressures that normally accompany a rebound, a senior Treasury official said yesterday.

Alicia Munnell, assistant secretary for domestic finance, said administration officials have been cheered by the latest economic statistics and dropped their worries of earlier this year that the recovery could fade.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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