Will the U.S. economy finally lift off in 2015?

Monetary authorities influence economic growth by raising or lowering the cost of borrowed funds. And worldwide monetary authorities have flooded the global economy with money over the last few years in an effort to stimulate economic growth by pushing interest rates lower. The beneficial effects of lower rates on growth, however, are not as effective when consumers and businesses cannot or will not spend, regardless of the cost of borrowed funds. Put simply, when businesses do not see the poten...