Current State of The U.S. Economy Overall most economists feel the economy is doing quite well right now. There are many facets to the U.S. economy that go into the ups and downs of our complex economy. For instance, interest rates, inflation, unemployment, growth, trade, surplus, and many others are direct indicators of the status of the U.S. Economy. Late in February Federal Reserve Board chairman Alan Greenspan expressed in his semiannual report on the economy to congress that the economy was very strong but was weary of the future do to the Asian economic crises. Mr. Greenspan pointed out that "The outlook for total spending on goods and services produced in the United States is less assured of late because of storm clouds massing over the Western Pacific and headed our way.” INFLATION Inflation affects everyone and most people are ve....

Number Of Pages: 7

Number Of Words: 1667

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