Data Point – And Americans are “settling” for this dismality?

Fed Trims Interest-Rate, Growth Forecasts.

In forecasts released as part of the central bank’s interest-rate setting Federal Open Market Committee, officials cut their growth forecast for this year to 1.8%, from 2.0% in June, and held steady their view for next year at 2.0%. Notably, they lowered their long-run view on the economy’s growth rate to 1.8% from 2%.

Somehow, this new “normal” has been in effect since 2008….such  economic geniuses, this President and royal posse are.

(H/T: Instapundit)