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Explore the paradox of low unemployment rates coupled with disappointing economic growth in this 58-minute talk from The Aspen Institute. Delve into potential policy changes that could stimulate higher growth as John Fernald, the Federal Reserve's productivity expert, engages in a discussion with Austan Goolsbee, Chicago Booth professor and former chairman of President Obama's Council of Economic Advisors. Examine the US economic landscape since 2009, comparing it with other countries' performances, and gain insights into the complex relationship between job gains, output growth, and wage stagnation.
