After years of hibernation, will the US economy rouse itself for a big comeback over the next couple of years? With an incoming Republican administration hell-bent on reflating an economy already near full employment, and with promised trade restrictions driving up the price of import-competing goods and central-bank independence likely to come under attack, higher inflation likely exceeding 3 percent at times is a near certainty. And output growth could surprise as well, possibly reaching 4 percent, at least temporarily.
Impossible you say? Not at all.
The economy already seems to be growing at a 3 percent annual clip. And even steadfast opponents of Pre