Lockhart, who said he was speaking in his personal capacity, does not have a vote this year on the Fed's policy-setting board, but he participates in its discussions and is considered to be near the center of its policy spectrum. economy is undeniably on a stronger and sustained growth path around a run rate of 3 percent,' he said. 'It may not be clear for several months, or even quarters, whether the U.S. Speaking to a business gathering in Dubai, Lockhart was more circumspect.

Philadelphia Fed President Charles Plosser said on Thursday he expected full-year growth of 3 percent. economy hardly grew in the first quarter but has gathered pace since. central bank to have run down its bond-buying program by its October or December meeting and to start raising interest rates in the second half of next year. Federal Reserve Bank of Atlanta president Dennis Lockhart also said he expected the U.S. economy should accelerate in the second quarter to an annual growth rate of 3 percent or more, but it may not be clear for some time if the pick-up is sustainable, a Federal Reserve official said on Sunday.

By Martin Dokoupil and David French DUBAI (Reuters) - The U.S.

Sector clear not clear not clear