In part, those views are likely the result of many having endured extended periods of very high long-term unemployment or having to settle for only part-time work. In addition, the run-up in gasoline prices we are currently experiencing will presumably reduce household purchasing power in coming months.
6754, The World Bank, January; and International Monetary Fund (2013): “Taper Talks: What to Expect when the United States Is Tightening”, Box 1.1 in World Economic Outlook, October. 10  See for instance Dudley, William, Op. Cit. and Fischer, Stanley (2015): “The Federal Reserve and the Global Economy”, remarks at the conference held in honor of Professor Haim Ben-Shahar, Tel Aviv, Israel, 26 May.