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What Will Drive the Economy? Hint: It's Not the Fed

Discussion of the Fed's lending rate should take a back seat to more important economic movers, such as improving homebuying conditions and bank capital levels.

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Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. Many investors have their eyes glued on the Federal Reserve's next move. But is that the right place to be looking to figure out what the path of economy is going to be? I'm here today with Bob Johnson. He is our director of economic analysis, and he says that there are some other areas investors should be more focused on.

Bob, thanks for joining me today.

Robert Johnson, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.