No inflation threat in US- Fed's Hoenig

President Thomas Hoenig of the Kansas City Fed spoke optimistically on Thursday 15 January about U.S. economic growth this year and said inflation would be kept under control by the slack in the labour market.

Hoenig told the CTEK Technology Forecast Conference "I am very optimistic about the U.S. economy in general. ... I think we will continue to have an improving economy. ... Our (2004) GDP (gross domestic product) will be around 4-1/2 percent and that is along the consensus view of most ec