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U.S. Economy Grew 1.7% in 4th Quarter, Capping a Strong Year



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A Gallup survey conducted this month found that Americans view the economy more negatively than positively — with only 29 percent saying that the economy is improving, while 67 percent believe it is getting worse. Still, 72 percent say it is a good time to find a quality job.“It’s all about what you prioritize,” said Allison Schrager, an economist and senior fellow at the Manhattan Institute, a conservative think tank. Policymakers in Washington decided to err on the side of delivering too much pandemic aid rather than too little — and Ms. Schrager is among the analysts who say the trade-offs of that decision are becoming evident. If there had been less stimulus, she said, “inflation wouldn’t be as bad as it is.”At a news conference on Wednesday, Jerome H. Powell, the Fed chair, conceded that “bottlenecks and supply constraints are limiting how quickly pr …

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