For the first time since 1999, American employers have added more than 200,000 jobs a month for four straight months, offering more evidence that the U.S. economy is steadily growing while much of Europe and Asia struggle.
… "The U.S. was incredibly aggressive" after the financial crisis and Great Recession, said Daniel Drezner, a professor of international politics at [The Fletcher School at] Tufts University. "Compared to Europe in particular, we did much more."
The U.S. government approved stimulus spending and tax cuts, Drezner noted, while many European nations cut spending. The Federal Reserve slashed rates further than the European Central Bank did and launched bond purchases to ease long-term loan rates. Central banks in Japan and Europe have only recently considered the types of unconventional steps the Fed launched in 2008.
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