(Finance) – The recent Increase in productivity growth of the United States is positivebut excessively anticipate the positive economic effects could put the central bank in a “difficult position”. This was stated by the president of the Federal Reserve Bank in Chicago, Austan Goolsbeein an interview with Bloomberg.
“If there is too much expecting these productivity booms, it can overheat the economy in the short term And it can lead to an excess of investments, not dissimilar from that of 2000, which inaugurated the recession, “said Goolsbee.
“That overheating in the short term it can force the Fed to be more careful to the fight against inflation“, he underlined.
“If this surge in productivity growth is the result of a new technology, whether it is artificial intelligence or something else, then the story shows that it is possible, that this surgery It is not just a one -off rise“, said Goolsbee, indicating historical examples such as electricity and computers.
Goolsbee added that he is enthusiastic about the perspective that the new technology “inauguration An era of rapid and lasting growth of productivity“, But he underlined the challenge of evaluating whether the productivity surge will continue.
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