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The Economy in Perspective

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My dinner with André … I really didn't mind that my friend was already 25 minutes late, or that the restaurant he had chosen was in a desolate section of the city. Andre is consistently 30 minutes behind schedule, and his taste in dining is impeccable. What worried me was the newspaper coverage: Despite his brilliance and charm, I was concerned that he had finally bitten off more than he could chew. According to published reports, Andre, the economic minister of Nedlaw, had come to lecture U.S. leaders on how to create jobs. How preposterous! With employment expanding so rapidly and our jobless rate at a 25-year low, what's left to say?

Suggested citation: “The Economy in Perspective,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-07, pp. 01, 07.01.1997.

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