The U.S. economy depreciated in the last quarter due to several reasons. Some of the reasons include the harsh weather, the high power of the dollar and labor disputes at specifically the West Coast (Mitchell). This led to the undermining of the American goods demand, both at home and abroad.

The Federal Reserve, however, believes that it was only due to slight transition in the power of the dollar hence will disappear in short time. Also, the Central Bank is working on a rebound by quickly raising the short-term interest rates that will intern lead to economic growth. Economists, on the other hand, support the fact that the U.S. economy will bounce back to normal in the next quarter although it will require more than expected. They even predict a 2% to 3% progress in the current quarter (Mitchell). Although they will encounter some challenges such as law company layoffs, stable labor hiring, and high mortgage applications.

The subsequent rebound of the U.S. economy is however limited to other countries across the globe. For instance, the economy of Canada recently declined, as that of Mexico has grown at the slowest rate possible. The strong dollar value has also made U.S. commodities very expensive in the exchange market. On the other hand, practices such as steady hiring could, however, support consumer rebound as their health is a priority. Healthy hiring outlook has proven to be more productive than the struggle to create high paying jobs. For example, nursing care for seniors and disabled. Although the process will be slow, in the end it will boost economic growth (Mitchell).