Will the Recovered Economy Still be a New Economy?
I am delighted to be part of this lively and timely conference. The Atlanta Fed and Georgia State University are to be commended for putting together such a solid, exciting program. We heard a lot of high-quality analysis this morning—with plenty of numbers—and I expect more this afternoon. The job of the luncheon speaker is not to ruin your digestion with more numbers, but to be a bit more expansive. So I will try to put the questions of technology, productivity, and labor markets into a larger context and speculate about the future. Now that I am no longer at the Fed, I can speculate more freely and not worry about being misquoted or moving the markets.
KeywordsLabor Market Monetary Policy Productivity Growth Federal Reserve Inflation Target
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