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Kelly: Stiffer Headwinds Up Ahead

Constrained labor force and productivity growth will add up to only 2% real growth for the U.S. economy over the long term, says J.P. Morgan's David Kelly.

Adam Zoll: For Morningstar, I'm Adam Zoll. We're at the Morningstar ETF Conference in Chicago.

My guest today is Dr. David Kelly, chief global strategist for the JPMorgan Funds.