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Recovery Missing Normal Expectations

The economy is improving, but sluggish manufacturing-jobs growth and still-weak lending and housing markets are keeping the recovery from typical levels, says Fed economist William Strauss.

Christine Benz: I am Christine Benz for Morningstar. I am here at the Morningstar Ibbotson Conference, and I had the opportunity to sit down with William Strauss. He is a senior economist at the Federal Reserve Bank of Chicago, and he shared his views on the economy and what he sees as the potential headwinds and tailwinds to an economic recovery.

Christine Benz: Bill, thank you so much for being here.

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