U.S. Treasury Secretary Jack Lew said on Wednesday the economy was gaining traction but that the lack of progress on wages and employment remains disappointing.
In remarks to the New York Economic Club, Lew said that for the high numbers of unemployed, and those whose wages have stagnated, "this hardly feels like a recovery."
"The ultimate test for all of us will be how inclusive tomorrow's economy becomes and how widely our economic gains flow," he said. "The crisis we face today is the need to make sure the economy is expanding fast enough to support a growing middle class."
A dismal start to 2014, with businesses hampered by a harsh winter, has given way to optimism about the course of growth for the rest of this year. Lew noted, as well, that political feuding in Washington over health care, the debt ceiling and budget issues has receded.