U.S. Treasury secretary cover Turner 15, economic club in New York during his speech says the U.S. economy is recent signs of recovery enhanced momentum, but still face many challenges, continued recovery still need to be strongly supported by the government.
Cover Turner says, thanks to the Obama government in economic crisis of the early efforts to take big stimulus, the American economy to avoid the slide further, and recently appeared in the self-critic signs of expansion. However, sustained economic recovery is still high unemployment, a weak housing market, family property shrink and the threat of oil prices, the enterprise and the consumer confidence is very vulnerable.
"Because of this, policymakers in the short term must continue to focus on how to promote economic growth, and faster too early fiscal tightening," cover Turner said. "Congress needs to take further measures to consolidate the economy, to let more americans back to work."
Cover Turner also said, in order to give economic growth and lay the good foundation, Obama's efforts to intensify the education system reform, the investment and support innovation, encourage investment and increase exports, and these problems only on private market forces to solve.
In addition, cover Turner also stressed the long-term economic development to cut the deficit of importance, but he also warned in policy should consider when the financial status of reality.