Although the pace of the recovery in the United States has been frustratingly slow, we have made a lot of progress, and I expect that to continue for the foreseeable future. We’ve added nearly 6.4 million jobs over the past three years, with 2.2 million of those in the past year alone. Although the unemployment rate is still high at 7.2%, it has been steadily falling. A lot of the growth has been in interest-sensitive sectors such as autos, durable goods, and housing. This is evidence that our monetary policy medicine is working.