ABU DHABI (Reuters) – The U.S. economy is beginning to move forward slowly but not accelerate, a senior Federal Reserve official said on Tuesday. Dallas Fed President Richard Fisher, speaking at a financial conference in the United Arab Emirates capital, also said he was confident that the U.S. economy would keep growing at its current 2 to 3 percent pace. He described this week's international rescue plan for indebted Cyprus, which involves penalizing big depositors at its banks, as unique, since the island was a depository for hot money. …
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