Fed’s Fisher Says U.S. Growth May Reach 4% in Second Half

Federal Reserve Bank of Dallas President Richard Fisher said U.S. growth may accelerate to as much as 4 percent during the second half of this year, spurred partly by falling energy and food prices.

“It wouldn’t be unimaginable to see 4 percent growth in the second half” of 2011, Fisher said today in a speech in Round Rock, Texas. “The price of energy and price of food has frightened the consumer,” he said. “As these prices come down a little, as we forecast they would, that relieves a little bit of the anxiety.”