Fisher expects pick-up in pace of US growth

The U.S. economy is in a slowdown, but the pace of growth should accelerate as the year unfolds, Dallas Fed president Richard Fisher said Tuesday 10 April.

"I believe that we will continue to grow, and the pace of growth will pick up as we go through the year," he told a business group in McAllen, Texas.

Fisher said that the economy was downshifting from an unsustainably fast pace early last year.

"We are in a bit of a slowdown here," he added.

Most of the difficulties were due to the woes in t