We are in the tenth year of the economic expansion following the "Great Recession" of 2008 and 2009. During the economic downturn the economy experienced outsized losses in the housing, manufacturing and jobs. Yet, the recovery and expansion has been restrained. While unemployment rates are very low, solid wage gains remains elusive. Inflation has been low and below the Federal Reserve's target for several years, but the Fed has begun to remove its very accommodative policy.
Mr. Strauss will look at the performance of the overall macro economy with specific attention paid to key economic sectors and indicators for the U.S. economy over the next several years.
Key drivers of economic growth
Risks to the economic outlook
Outlook for Monetary Policy
Senior Economist and Economic Advisor,
Federal Reserve Bank of Chicago