The last couple of years have been tumultuous, the economy taking its toll, and the majority of Americans are looking forward to moving on and putting the recession behind them. 2010 is off to a better start, yet we have suffered a few dips in the past couple of months that have been reminiscent of the depths that we are all looking to forget. It is important to remember that the dips are just that, small divots in the road of recovery, according to those in the seat of knowledge.
Federal Reserve Chairman Ben Bernanke has been quoted as saying, “The economy … appears to be on track to continue to expand through this year and next,” music to many ears. Bernanke has also said that the European debt crisis will have only a “modest” effect on the US economy.
People and businesses have increased spending and the Federal Reserve System has committed to keep interest rates low. The economy is improving. While recovery remains modest and many are anxious to recover at full speed, it is important to remember that slow and steady wins the race.
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