Economist John McDevitt, Assess the Economy – Part 2 - (20:41)
August 6, 2007—John McDevitt, former 3M Corporate Economist, in the second part of a two part series discussed is the state of the consumer, the consumer confidence index and his forecast for retail spending, Fed chairman Ben Bernanke and the Fed’s stance as it related to altering rates, the affects of the new minimum wage, the manufacturing sector and McDevitt’s forecast for the 3rd and 4th quarters.