Productivity rises could be more modest going forward, since hours worked should grow faster as job losses caused by the hurricanes are reversed. Fed officials will remain watchful of a reacceleration in unit labor costs.
More Quotes from Stephen Stanley:
He's thinking about legacy building at this point and the one thing he doesn't want to do is leave at the top of an immense bubble and have it burst soon after he leaves. He kind of touched on it yesterday in relation to the housing market.Stephen Stanley
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