US Economy Proves Resilient

I’m Chris Anstey, a senior editor for economic policy in Boston, and today we’re looking at US economic outperformance, thanks in part to immigration. Send us feedback and tips to ecodaily@bloomberg.net or tweet to @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

Federal Reserve Chair Jerome Powell this week told US lawmakers, “Our recovery is by far the strongest of any country.” The comment might have had a whiff of presidential triumphalism about it, but he’s not alone in his assessment.