Lakshman Achuthan, the managing director of the Economic Cycle Research Institute, says a consumer revival is providing a big boost to the economy, and says the recovery is no longer “fragile”. Achuthan, whose group has a solid track record of predicting economic shifts, tells Bloomberg that the economy’s “immune system” is “quite robust” right now, and that the risk of something derailing the recovery is much lower than people think. He also says he thinks it’s time to dial back the Federal Reserve’s quantitative easing efforts.

[youtube=http://www.youtube.com/watch?v=bFERMH1kNsA]