Morning Must-Read: Vince Reinhart: Economy’s Growth Rate Potential Is Now 2 Percent

Joe Weisenthal reports on Vince Reinhart: Economy’s Growth Potential Is Now 2 percent – Business Insider: “So what’s behind the new slow potential growth rate for the U.S. economy?…

Declining Labor Force Participation… [and] declining productivity [growth]…. The big ramifications here are probably for the Fed, which may get unwanted levels of inflation faster than they want or expect. Bigger picture is that this is something that a lot of folks are talking about right now: The end of extensive slack in the economy. Just as an example, this is a chart from a new chartbook from Deutsche Bank’s Torsten Slok, who spends a lot of time look at wage inflation trends.