US needs faster productivity growth to support wages says CEA's Furman

Comments from the Jason Furman, Chairman of the Council of Economic Advisors

  • Expects to see wage growth increase due to low level of unemployment
  • Falling unemployment is the hallmark of a recovery
  • Moderate expansionary fiscal policy is appropriate
  • We need to hold China to promise of no competitive devaluations
  • There are no good economic reasons to see UK exit Europe and many are against it

The conveyor belt of US speakers is in running at full pelt, what with him and Lew on the wires picked up by MNI.

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