CBO Chief Skeptical of Bush’s 4% Economic Growth TargetHolly Rosenkrantz
CBO chief Keith Hall says it would be difficult for U.S. economy to increase its annual growth rate to 4%, the pace targeted by Republican presidential candidate Jeb Bush, Bloomberg BNA’s Jonathan Nicholson reports.
- “You’re going to need a lot more productivity growth than we have in our forecast,” Hall says in response to question at National Economists Club in Washington
- Bush campaign has said his policies would almost double the approximately 2% annual economic growth that U.S. has had in
recent years and that some economists say may represent new natural growth limit