Nice discussion last night at a Minnesota Public Radio News forum with St. John's University economist Louis Johnston, our economics correspondent Chris Farrell and a citizen audience, nicely moderated by Jeff Horwich of In the Loop.
Bottom line: economy is improving but still vulnerable.
The Federal Reserve Board's Open Market Committee feels the same way, noting the national economy continued to contract in March, "though the pace of contraction appears to be somewhat slower."
One of the interesting questions in last night's discussion: Will this recession permanently change American saving and spending patterns? It's one of our favorite topics here at MinnEcon.
And check out the map below to see stories about spending and saving sent in from our Public Insight Network.