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Goolsbee: Remarks at the Hoover Institution Monetary Policy Conference 2026
A year and a half ago, I gave a talk here in this very room for the Stanford Institute for Economic Policy Research (SIEPR), in which I argued that, although the productivity data are noisy, there had been an increase in the productivity growth rate. Some attributed this increase to one-time level shifts coming out of Covid or work-from-home, but I argued it looked to be tech/AI related and, if so, it might be sustained for several years. And I said then that if it did prove to be a sustained increase, it would make us richer, but there could be tension when it comes to interest rates and monetary policy. Well, that ... (full story)
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- May 8, 2026 6:51pm Posted by
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