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How Should the Promise of Higher Productivity Growth Change the Reality of Monetary Policy Today?

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Abstract

At the Reykjavík Economic Conference 2026, St. Louis Fed President Alberto Musalem delivered a keynote address, “How Should the Promise of Higher Productivity Growth Change the Reality of Monetary Policy Today?” He also participated in a Q&A moderated by Claire Jones of the Financial Times. The conference in Reykjavík, Iceland, was hosted by the Central Bank of Iceland and the Center for International Macroeconomics at Northwestern University.

Suggested Citation

  • Alberto G. Musalem, 2026. "How Should the Promise of Higher Productivity Growth Change the Reality of Monetary Policy Today?," Speech 103319, Federal Reserve Bank of St. Louis.
  • Handle: RePEc:fip:fedlps:103319
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    File URL: https://www.stlouisfed.org/-/media/project/frbstl/stlouisfed/musalem/2026/musalem-iceland-remarks-28-may-2026_final.pdf
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    File URL: https://www.stlouisfed.org/from-the-president/remarks/2026/productivity-growth-and-monetary-policy-iceland
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    References listed on IDEAS

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    4. Daron Acemoglu & Pascual Restrepo, 2018. "The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment," American Economic Review, American Economic Association, vol. 108(6), pages 1488-1542, June.
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    9. Atif R. Mian & Ludwig Straub & Amir Sufi, 2020. "The Saving Glut of the Rich," NBER Working Papers 26941, National Bureau of Economic Research, Inc.
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