1 April 2011

Though there are still certain risks to the U.S. recovery, the majority of them come from external sources.  If the job market keeps improving, the housing market will also stabilize. And when these sectors finally normalize, the U.S. will be able to withstand the negative outside influences.

While the employment rate is increasing, the main task for the Federal Reserve may change to managing the exit strategy. Of course, it’s too early to talk about the full job market stabilization. But if today’s tendency goes on, it will be necessary to shift the attention towards another problem – ensuring stable prices.