Topic
productivity-growth
2 stories related to this topic, newest first.
cnbc.comfinance47 days ago
Chicago Fed President Warns Against Lowering Interest Rates Due to Productivity Gains
Chicago Fed President Austan Goolsbee said policymakers should avoid reflexively cutting interest rates in response to faster productivity growth. He noted that such growth can sometimes lead to higher inflation rather than solely supporting lower rates. The comments come as offi…
The Japan Timesfinance60 days ago
Japan's Prime Minister Instructs Review of Working Hours Systems
Japan's government is accelerating a review of working hours systems, including the discretionary labor system, to address stagnant productivity. The initiative was discussed at a growth strategy meeting. The goal is to increase labor productivity by 15% over five years through r…