ALLIANCE BERNSTEIN: A CONVERSATION WITH AB’S US SENIOR ECONOMIST ERIC WINOGRAD

ALLIANCE BERNSTEIN: A CONVERSATION WITH AB’S US SENIOR ECONOMIST ERIC WINOGRAD

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Chamber Member News Post Date: 05/04/17 Source: Alliance Bernstein By: Alliance Bernstein
Summary

Matt Palazzolo, Senior Portfolio Manager at Bernstein, sat down with AB’s US Senior Economist Eric Winograd to get his latest sense of the state of the US economy. He sees the expansion continuing without interruption, and the Fed remaining on path to raise rates two more times this year. Populism and protectionism are two risks, however, to keep a close eye on.

MATT PALAZZOLO: Eric, what’s your assessment of the current state of the US economy?

ERIC WINOGRAD: Structurally, the US economy is healthy. We’ve seen nearly seven years of solid, if unspectacular, growth. It’s appropriate now to think of this as an expansion rather than a
recovery—and a rather long expansion at that. In their last meeting, the Fed recognized the transition by saying that they’re now trying to sustain an expansion, rather than cause an acceleration in
the rate of growth.

Around that trend, there will still be fluctuations—periods when the economy grows a little bit faster, and periods when it grows a little bit slower. But overall, the US economy should continue to grow at a measured pace.

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