13d ago

The Fed Says Productivity Is Strong. It Isn’t, and That Changes Everything.

The FOMC statement says productivity is strong. It grew 0.3% in Q1 and is tracking 1% in Q2. The Fed Says Productivity Is Strong. It Isn’t, and That Changes Everything. marcusnunes.substack.com/p/the-fed-sa... The Fed raised rates today for the first time since 2023, to 3.75–4.00 percent, and Warsh promised a “timelier return” to 2 percent inflation.

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The Fed Says Productivity Is Strong. It Isn’t, and That Changes Everything.

stream:bsky-jetstreamother13d ago kagi ↗

The FOMC statement says productivity is strong. It grew 0.3% in Q1 and is tracking 1% in Q2. The Fed Says Productivity Is Strong. It Isn’t, and That Changes Everything. marcusnunes.substack.com/p/the-fed-sa... The Fed raised rates today for the first time since 2023, to 3.75–4.00 percent, and Warsh promised a “timelier return” to 2 percent inflation.