Pimco's Crescenzi Seeks Productivity in Election Result

The video discusses the bond market's reaction to the election, emphasizing optimism and productivity as key factors for economic growth. It highlights the need for increased investment in infrastructure to boost productivity, which is crucial for improving living standards. Janet Yellen's views on the relationship between productivity and interest rates are also explored, suggesting that higher productivity leads to higher income and spending.

What does Janet Yellen imply about the relationship between productivity and interest rates?

According to the text, what is the significance of higher productivity for companies and individuals?