If the Federal Reserve is right, the rapid growth that defined the economy of postwar America is over. The central bank has once more lowered long-run expectations, with the US economy of the future projected to grow about half as fast as the economy of the past 70 years. This in turn means a slower increase in our standard of living. It is a threat to the quintessential American notion that every generation will be better off than the previous one. It is also one of the biggest challenges for the next president.
如果美聯儲(Fed)是對的，那么定義戰后美國經濟的快速增長已成過去。這家美國央行已經再次下調了長期預測，預計未來美國經濟增速將是過去70年的一半左右。這進而意味著我們的生活水平提高速度將放緩。這威脅到了典型的美國觀念：一代更比一代強。這也是下屆美國總統將要面臨的最大挑戰之一。
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