Ann Saphir: Federal Reserve

Federal Reserve: NEW YORK/SAN FRANCISCO - Year after year Federal Reserve policymakers have clung to a belief that the U.S. economy will soon regain its pre-recession stride. And year after year they have been wrong. , according to Reuters. They argue gross domestic product is more likely to grow at a 2 percent annual rate, rather than 3 percent or more, given the retirement of baby boomers and the extent to which the Great Recession discouraged workers and badly damaged industries such as finance and construction. By Jonathan Spicer and Ann Saphir Now a growing number of economists and at least one top Fed official think Americans should lower their expectations. (www.immigrantscanada.com). As reported in the news.