Fed's Olson expects solid growth from US economy

Federal Reserve Board Governor Mark Olson said on Tuesday 13 January that first-quarter U.S. growth looked set to match the expected solid pace at the end of last year, but there was still no sign of inflation.

"For the fourth quarter, most observers expect that growth will be in the 4-1/2 to 5 percent range ... the sense is that moving into the first quarter of 2004, that growth at rate in the economy probably will continue," Olson told the Charlotte Economics Club.

He also said the weak Dece

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