Board of Governors of the Federal Reserve System (2016), “Federal Reserve Board and Federal Open Market Committee Release Economic Projections from the September 20-21 FOMC Meeting,” press release, September 21, https://www.federalreserve.gov/newsevents/press/monetary/20160921b.htm. Carvalho, Carlos, Andrea Ferrero, and Fernanda Nechio (2016). “Demographics and Real Interest Rates: Inspecting the Mechanism,” Working Paper Series 2016-05. San Francisco: Federal Reserve Bank of San Francisco, April, http://www.frbsf.org/economic-research/files/wp2016-05.pdf.
Fernald, John, and Bing Wang (2015). “The Recent Rise and Fall of Rapid Productivity Growth,” FRBSF Economic Letter 2015-04. San Francisco: Federal Reserve Bank of San Francisco, February, www.frbsf.org/economic-research/files/el201504.pdf. Fischer, Stanley (2016). “Remarks on the U.S. Economy,” speech delivered at “Program on the World Economy,” a conference sponsored by The Aspen Institute, Aspen, Colo., August 21, https://www.federalreserve.gov/newsevents/speech/fischer20160821a.htm.