Fed to move to sidelines, bank economists say
January 14, 2011 at 13:15 PM EST
The U.S. economy will grow at a 3.3% rate in 2011 but only take a “small bite” out of the unemployment rate, economists sitting on an American Bankers Association forecasting panel believe. The Fed will move to the sidelines this year but make no tightening moves until sometime in 2012, the American Bankers Association panel predicted.