Fed's Lacker: U.S. economy will grow moderately in 2013

The U.S. economy will grow moderately this year, but a number of factors are in play that threaten to impede a more robust recovery, according to the president of the Federal Reserve Bank of Richmond.

Speaking at the sixth annual First Friday Economic Outlook Forum, Jeffrey M. Lacker told members of Maryland’s financial services industry that he expects the U.S. economic growth will continue to grow into next year at an annual rate of around 2 percent. But a more rapid expansion of the economy…