U.S. growth better than expected: Fed's Lockhart (Reuters)

SAO PAULO (Reuters) ? The performance of the U.S. economy, while not terribly strong, has exceeded expectations according to recent data and could log a growth rate above 3 percent in the last three months of the year, a top Federal Reserve official said on Monday.

"Given that the United States is an advanced economy ... the growth rate is respectable," Atlanta Fed President Dennis Lockhart said in a speech to business students.

(Reporting by Luciana Lopez; Writing by Mark Felsenthal; Editing by James Dalgleish)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111121/bs_nm/us_usa_fed_lockhart

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