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Federal Reserve Bank of San Francisco
FRBSF Economic Letter
Raising the Speed Limit on Future Growth
Mary C. Daly
Abstract

The U.S. economy is facing a future of slow growth, mainly because the labor force is expanding less rapidly. However, there are ways to improve. Given the important role education plays in labor force participation, employment, and wages, investing in education across diverse groups offers an important opportunity to raise the speed limit for economic growth. The following is adapted from a speech by the executive vice president and director of research of the Federal Reserve Bank of San Francisco to Lambda Alpha International Land Economics Society in Phoenix, AZ, on March 29.


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Mary C. Daly, "Raising the Speed Limit on Future Growth" , Federal Reserve Bank of San Francisco, FRBSF Economic Letter, number 09, 2018.
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