The U.S. economy seems to have successfully achieved a so-called soft landing and growth is likely to pick up again this year, Boston Federal Reserve Bank President Cathy Minehan said.
Inflation remains a challenge, but price pressures may be easing, she said in a speech on the economic outlook.
Minehan said there were risks to both growth and inflation but was cautiously optimistic.
"I expect U.S. economic growth to accelerate slightly this year, unemployment to remain low and price pressures to ease a bit," she told a business association conference in Hartford.
Minehan will be a voting member of the policy-setting Federal Open Market Committee this year.