Free Republic

The U.S. economy is firmly poised for a recovery from its deep recession but growth may be moderate and the job market will not revive immediately, senior White House aide Lawrence Summers predicted on Wednesday. "There's really no doubt that the third quarter registered growth, and growth at a nontrivial rate, and every expectation that the fourth quarter will do the same," Summers said in an interview as part of the Reuters Washington Summit. Summers, who heads the White House's National Economic Council, also gave strong backing to the beleaguered U.S. dollar, which has fallen to a 14-month low against...