Fed's Bernanke on productivity

In a speech on 'Productivity' given on 19 January, Ben Bernanke of the Federal Reserve said that there is an emerging consensus that productivity growth could remain at its current elevated level.

The outlook for trend productivity growth -- at a relatively optimistic annual rate between 2.0 and 2.5 percent -- "probably represents a good baseline assumption," Bernanke said in his speech to the Council on Foreign Relations.

"I think productivity optimists have a good case," he said.

Bernanke

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