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The longer workers are unemployed, the greater the likelihood that their skills will erode and workers will lose attachment to the labor force, permanently damaging the economy’s dynamism and potential output.

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Jerome Powell

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The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to continue, that will also hold down investment.

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I work by instinct. You never hear anything new; when you hear advice that makes sense, it’s something you already know.

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May 3, 2024

I work by instinct. You never hear anything new; when you hear advice that makes sense, it’s something you already know.

Previous

May 3, 2024

The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to continue, that will also hold down investment.

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