Charles I Plosser: Systematic policy and forward guidance Remarks by Mr Charles I Plosser, President and Chief Executive Officer of the Federal Reserve Bank of Philadelphia, at the Money Marketeers of New York University, Inc., Down Town Association, New York, 25 March 2014.
We will need to make sure that the older segment of the working-age population is not discouraged from participating in the labour force. But more importantly, we need to raise productivity if Canadians are to continue to enjoy rising incomes. It will not be easy to get those productivity gains. We will need to see greater investment in new, improved machinery and equipment.