Economics

U.S. Economic Rebound Proves More a Grind Than a Boom

  • Pockets of high growth, slow-moving job market muddy estimates
  • A dog walker offers an example of mountain still to climb
Fed’s Mester Sees Policy ‘In a Good Place’ as Economy Evolves
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The prevailing scenario for the U.S. recovery on Wall Street and in Washington has until recently focused on a boom fueled by consumers roaring back to life with a vengeance in a vaccine-induced reopening of the economy.