Fed's Guynn says U.S. recovery sustainable

Speaking on Friday Atlanta Fed President Jack Guynn said the US is already growing in what appears to be a broad based and sustainable way. Though consumer spending may ease in the coming months, it is likely to remain strong, he said, providing "critical" support to the economy.

Source: Reuters

The U.S. economy appears to have entered a sustainable expansion, with increasing signs the job market has stabilized, a top Federal Reserve official said on Friday.

"The U.S. economy is already growing