Where We Are Now In previous remarks on the economic outlook, delivered at a National Association for Business Economics conference in February, I characterized the U.S. economy as being in a "good spot" and asked if the economy had reached a positive turning point following an extended period of post-crisis slow growth.
I argued that while it might be too soon to call a turning point, there was a definite possibility of an upside surprise.2 So now that we are fairly deep into 2018, where do we stand overall? My view has not changed all that much from February.