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Marcus Nunes's avatar

Just a note: the "historical" 2.2% real output growth, is only "historical" for the 10 yrs post Great Recession. For the 30 yrs prior to that, the "historical" real growth was 3.3%

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Joseph Politano's avatar

I should have made it clearer that I meant RGDP per capita, but yes

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Marcus Nunes's avatar

OK. Per Capita RGDP. Still, the "history" is long but prior to the GR. More recently it was trying to return to trend...

https://marcusnunes.substack.com/p/from-the-title-the-fed-could-have

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