Federal Reserve tapering
The Crux of the Fed Tapering Debate Boils Down to the Likely Future Growth Rate
June 25, 2013
The long-term growth rate of U.S. real GDP has been decelerating. Real GDP expanded at a 4.0% annualized growth rate over the 25 years to the fourth quarter of 1974 and 3.3% per annum over the ensuing quarter century to 4Q99. Since end-1999, GDP has climbed at a 1.7% annualized rate including 1.8% over the […] More
