Is the Economy Really Recovering?

Federal Reserve Chairman Ben Bernanke on Wednesday said the Fed will start winding down monetary stimulus later this year if employment numbers continue to improve. Bernanke said the economy is expanding at a moderate rate, and risks to the recovery have “diminished since last fall.” But experts disagree about how optimistic we should be about the economy. UCLA’s June forecast says that despite improvement, the U.S. economy is not in recovery. We take stock of the national and state economies.

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