The Federal Reserve Is Not Currently Forecasting

The Lesson Of History Is That You Do Not Get A Sustained Economic Recovery As Long As The Financial System Is In Crisis.

It Takes About Two And A Half Percent Growth Just To Keep Unemployment Stable.

I Come From Main Street, From A Small Town That's Really Depressed.

Inflation Is Certainly Low And Stable And, Measured In Unemployment And Labour-market Slack, The Economy Has Made A Lot Of Progress. The Pace Of Growth Is Disappointingly Slow, Mostly Because Productivity Growth Has Been Very Slow, Which Is Not Really Something Amenable To Monetary Policy. It Comes From Changes In Technology, Changes In Worker Skills And A Variety Of Other Things, But Not Monetary Policy, In Particular.

The Federal Reserve Is Not Currently Forecasting A Recession.