WASHINGTON -- The economy seems to be poised for a mild pickup in growth while inflationary pressures remain in check, a top Federal Reserve official said yesterday.

J. Alfred Broaddus, president of the Federal Reserve Bank of Richmond, said he is slightly more upbeat than most economists, who are looking for growth of 23/4% in the third quarter, 3% in the fourth quarter, and then 23/4% again next year.

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.