(Reuters) - Lower productivity growth, if permanent, is worrisome for
policy-makers as it could fan inflation through higher wage
costs, potentially prompting a tightening of credit and making
it harder to foster growth.
Fed Chairman Ben Bernanke told Congress last week that the
slowdown in productivity growth in recent quarters is likely
temporary, but that the underlying pace of productivity gains
may also have "slowed somewhat."
Read more at Reuters.com Bonds News
policy-makers as it could fan inflation through higher wage
costs, potentially prompting a tightening of credit and making
it harder to foster growth.
Fed Chairman Ben Bernanke told Congress last week that the
slowdown in productivity growth in recent quarters is likely
temporary, but that the underlying pace of productivity gains
may also have "slowed somewhat."
Read more at Reuters.com Bonds News
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