The US is not necessarily doomed to accept a "new normal" of growth at 1.5–2.0% – well below historical averages – according to economists at the Federal Reserve Bank of Richmond.

An article published as part of the reserve bank's annual report says some factors behind long-run growth are largely out of policy-makers' hands – such as the birth rate – but other factors may be more easily controlled.

Authors Aaron Steelman and John Weinberg focus on methods of improving technological growth as the