Has the U.S. economy recovered?


The slow economic recovery from the recession of 2007-09 continues, with forecasters generally projecting the U.S. economy will grow at an annual rate of about 3 percent in the coming quarters. They also foresee an improving jobs picture, although many Americans remain outside the job market and those who do have jobs have seen earnings stagnate. New Federal Reserve Chair Janet Yellen says she will follow the policy of her predecessor Ben Bernanke in tapering the central bank’s monetary stimulus program known as quantitative easing, but that she will keep the program going as long as the economy needs the boost. The European Union, the largest U.S. trading partner, is also beginning to show signs of recovery.

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