The bigger concerns are longer term in nature. In her testimony, Fed Chair Yellen said that “although I am optimistic about the longer-run prospects for the U.S. economy, we cannot rule out the possibility expressed by some prominent economists that the slow productivity growth seen in recent years will continue into the future.” Quoting one famous philosopher, “it just goes to show ya, it’s always somethin’.”

Scott J. Brown, Ph.D., is chief economist at Raymond James & Associates.

First « 1 2 » Next