Fed's Ferguson says productivity key in long-term

Fed governor Roger Ferguson said on Wednesday 8 October that productivity growth, while posing a short-run economic challenge, was crucial to long-term U.S. economic health.

Source: Reuters

Federal Reserve Vice Chairman Roger Ferguson said on Wednesday that productivity growth, while posing a short-run economic challenge, was crucial to long-term U.S. economic health.

"In the short-run, when productivity is growing more rapidly, aggregate demand must also increase more quickly, in order to

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