STORY: "We're in a situation right now where we have strong job growth, but a declining GDP. What does that mean? We're less productive. People need to become more productive. And so maybe getting back into the office will be one thing that will help that."
The U.S. Federal Reserve's projections on Wednesday' (Sept. 21) show policymakers have become more pessimistic about the outlook for economic growth. One policymaker saw the U.S. economy shrinking next year, though most did pencil in an expansion this year and next. The median projection was for GDP growth to slow to 0.2% this year, compared with June's expectation for 1.7% growth.