Jeffrey M Lacker: Economic outlook, January 2015 Speech by Mr Jeffrey M Lacker, President of the Federal Reserve Bank of Richmond, at a conference, sponsored by the Virginia Bankers Association and the Virginia Chamber of Commerce, Richmond, Virginia, 9 January 2015. *  *  *  I would like to thank Roy Web for assistance in preparing these remarks.
Highlights •  While GDP growth in 2015 may revert to its post-recession average of around 2 ¼ percent, there are reasons to believe that growth could rise to between 2 ½ and 3 percent this year.