A moderate economic recovery in 2010 will push confidence up and ring in a stronger 2011, Federal Reserve Board governor Elizabeth A. Duke said yesterday.

“Combining the various factors likely to influence the path of economic activity this year, including importantly the outlook for financial markets, I expect that the economic recovery will continue at a moderate pace,” Duke told the Economic Forecast Forum in Raleigh, N.C., according to prepared text of her speech released by the Fed.

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