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)