"The economy showed its true color: moderate but sustained growth," said Sung Won Sohn, an economics professor at California State University Channel Islands. "On the heels of weather-beaten first quarter, the economy has rebounded nicely. ... The train has left the station and will be traveling at a steady pace of about 3 percent for a foreseeable future."
"The Fed needs to consider the international situation," said Sung Won Sohn, an economics professor at the Martin Smith School of Business at California State University. "The global economy is very soft, and Europe is on the verge of relapsing into recession."