NRF chief economist: Financial system ‘has come a good distance’

WASHINGTON — Nationwide Retail Federation Chief Economist Jack Kleinhenz mentioned on this month’s Month-to-month Financial Assessment that the financial system has made dramatic progress because it was at a near-standstill this time final yr.

“The financial system has come a good distance in contrast with a yr in the past,” Kleinhenz mentioned. “Each financial coverage set by the Federal Reserve and monetary coverage set by Congress and the White Home have responded with swift and overwhelming drive to assist the financial system. NRF is optimistic that the restoration is accelerating and the wanted rebuilding of the financial system is underway.

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