It's so easy to know where the economy is going. Just ask Federal Reserve chair Ben Bernanke! The only problem is understanding that he means when he answers the question. He doesn't always speak plainly -- in fact, in the grand tradition of Alan Greenspan, Fed officials always do their best to speak in riddles.
So let me help you. Here's the text of the statement issues after Wednesday’s FOMC meeting. I'll translate it into English for you, one sentence at a time.
FOMC: Information received since the Federal Open Market Committee met in April suggests that the economic recovery is proceeding and that the labor market is improving gradually.
ENGLISH: At least we're not in recession anymore. And I don't know about you, brother, but at least I've got a government job.
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source: smartmoney
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