The Federal Reserve revealed Wednesday that its policy makers had substantially upgraded their forecasts for how much the United States economy will grow this year, even though they expect that unemployment will remain painfully high for some time.
The core projections of top Fed officials now call for growth of 3.4 percent to 3.9 percent this year, up from the previous forecast of 3 percent to 3.6 percent, released in November.
It's not all rainbows and sunshine at Bernanke's shop, but remember...Jobs are the last thing to come back after a Recession. But this is really, really good news. Growth numbers like this, coupled with a unemployment numbers headed downward means that the President is going to be re-elected.
The Recession's over. Growth is on the way back. The Jobs are next...
...at the very least, the Business Community is running out of excuses.
