MNI BRIEF: Fed's Goolsbee - Can't Bank On Future Productivity

Dec-12 16:29By: Pedro Nicolaci da Costa
US+ 1

You are missing out on very valuable content.

Strong U.S. productivity growth has allowed workers' wages to rise without generating inflation, but policymakers cannot count on continued gains in order to lower rates, and doing so could risk fueling asset bubbles, Chicago Fed President Austan Goo...