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- Clarida: U.S. Economy's 'Trend Growth' May Be Faster Than Expected
Clarida: U.S. Economy's 'Trend Growth' May Be Faster Than Expected
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Labor Market May Have More Slack Than Previously Expected
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Points to Positive Forces That Could Restrain Inflation, Including Productivity Growth Upturn
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Increased Business Investment Could Stem From Tax Cuts
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Capital Spending Upturn Not 'Just an Oil Patch Story'
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Possible Pickup in Trend Productivity Growth 'Deserves Close Monitoring'
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Some Might See Wage Gains as Leading to Inflationary Pressures
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Last Two Expansions Didn't See Wage Gains Yield a 'Material Rise' in Price Inflation
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Benchmark Interest Rate Still Below Estimates of Long-Run Level
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