John McDevitt, former 3M corporate economist, now in semi-retirement, discusses the economy, and reviews the minutes from the most recent meeting of the Federal Open Market Committee and the uncertainty it appears to have about the outlook. He talks about the probability of a recession and his expectations for the next Fed rate hike, the major threats to the economy, the most recent jobs report and the job prospects for the remainder of the year.

Posted: February 19, 2016