The U.S. Treasury Secretary is feeling optimistic. Despite some long-term problems (such as weak job growth and income inequality), Jack Lew believes the economy is on the way up.
"I think there are a lot of signs that there is a real recovery underway -- you see it in virtually every sector," he said during an interview at the Aspen Ideas Festival on Sunday. "The GDP growth, unemployment rate, job growth -- none of it as fast as we would like, but directionally, for four years, moving in the right direction. I'm way too superstitious to say that everything will continue without any bumps in the road -- even in a healing, healthy economy, there are certainly bumps in the road. But we've seen a resilience that's shown through in a remarkably broad series of measures in the economy."
His positive outlook isn't limited to the recovery. Despite the Edward Snowden controversy, Lew said economics relations between the U.S. and China will remain strong.
"I think that even since I've been Secretary, the brief four months, the U.S.-China relationship has been growing and evolving. When I was in China just a couple of months ago, it was the first meeting the new leadership had with any foreign delegation. There are always going to be challenges between the United States and China. [But] the list of issues that we raise with them ... is happily the same list of issues that they need to deal with to make their economy work. The fact that there are other issues that do come up between us can't become an issue as we talk about the core economic issues," he said.