AKRON, Ohio/FRANKFURT (Reuters) - The U.S. recovery is gaining traction, two top Federal Reserve officials said on Tuesday, though they differed on the risks of inflation in the U.S. economy.
Cleveland Fed President Sandra Pianalto said she expects the U.S. recovery to continue at a moderate pace, with rising commodity and energy prices only temporarily putting pressure on broader consumer prices.
"The recovery seems to have established a firmer footing. I am seeing clearer signs of a virtuous cycle of growth," Pianalto said in a speech at the University of Akron.
Dallas Fed President Richard Fisher, speaking in Frankfurt, Germany, said the U.S. recovery was gathering momentum and needs no further Fed support.
"The Fed has done enough, if not too much, and we should do no more. In my opinion no further accommodation is necessary after June," Fisher said.
If we were doing so bleeping good why are rates at ZERO STILL? DO THEY EVER MENTION THE DATA IN THE HOUSING MARKET?
D
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