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AllianceBernstein Library


US Economic Growth and Implications for Monetary Policy

Joseph G. Carson
Senior Vice President and Director—Global Economic Research

Despite the modest second quarter rebound, the economy’s growth rate has been generally sluggish over the past five years. This may suggest lower potential growth going forward—and less resource slack for the economy to grow without triggering a rebound in inflation. Third-quarter reports on jobs and wage growth will be critical for the Fed in determining when to start raising rates.

July 31, 2015