Gain in Workforce Productivity and Hours Worked Could Explain Strong Growth With Modest Inflation
While Demand Is Exceeding Long-Term Expected Growth Rate, It Is Not Currently Exceeding Growth in Supply
Recent Developments Indicate Potential to Increase Labor-Force Participation
Productivity Growth Rebound Is Hard to Forecast, but Cyclical and Structural Forces Likely Are at Work
Recent Weakness in Business Investment Bears Attention if Productivity Gains Will Be Sustainable
Robust Labor Market and Inflation at Target Requires Careful Reading of Incoming Economic Data
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