BLOOMINGTON, Illinois (Reuters) - Two top Federal Reserve officials on Friday voiced concern about weak U.S. economic growth for the rest of 2008 and said inflation, while a worry, should start to fade over time.The comments by Chicago Federal Reserve Bank President Charles Evans and Atlanta Fed Bank President Dennis Lockhart suggested the Fed is in no hurry to start raising interest rates while the economy remains in a funk.
Lockhart even said he would not rule out cutting rates if circumstances warrant -- unusual at a time when Fed watchers almost uniformly expect the central bank's next move to be rate increase.
Evans said the current 2 percent federal funds rate was "not especially stimulative" to growth but further cuts might not help the most distressed parts of the market.
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