The economic strength seen at the end of 2011 was a result of temporary factors and the pace of growth seen in the last quarter of the year won’t carry into 2012, as growth will remain moderate, according to Federal Reserve Bank of New York president William C. Dudley.

Consumer spending was stronger, mostly as a result of motor vehicle sales, he said, which gained because sales were stunted in mid-2011 as a result of supply-chain disruptions following the earthquake and tsunami in Japan.

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