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Thu, Jun 20, 2013 -- 9:00 AM

Is the Economy Really Recovering?


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Mandel Ngan/AFP/Getty Images
Federal Reserve Chairman Ben Bernanke speaks during a press conference on June 19, 2013 in Washington, DC.
Mandel Ngan/AFP/Getty Images
Federal Reserve Chairman Ben Bernanke speaks during a press conference on June 19, 2013 in Washington, DC.

Federal Reserve Chairman Ben Bernanke on Wednesday said the Fed will start winding down monetary stimulus later this year if employment numbers continue to improve. Bernanke said the economy is expanding at a moderate rate, and risks to the recovery have "diminished since last fall." But experts disagree about how optimistic we should be about the economy. UCLA's June forecast says that despite improvement, the U.S. economy is not in recovery. We take stock of the national and state economies.

Host: Michael Krasny

Guests:

  • Christopher Thornberg, founding partner of Beacon Economics, an independent economic research and consulting firm headquartered in Los Angeles
  • Jerry Nickelsburg, adjunct professor of economics at UCLA's Anderson School of Management and senior economist for the UCLA Anderson Forecast
  • Peter Coy, economics editor for Bloomberg Businessweek

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