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U.S. Economy: Little Capacity for Long-Term Growth

The U.S. economy is bouncing back from first-quarter headwinds, but in the long run it can't grow more than about 1.5% per year, says David Kelly, chief global strategist for J.P. Morgan Funds.

Tim Strauts: I'm Tim Strauts, coming to you from the Morningstar Investment Conference. With me today is Dr. David Kelly, chief global strategist for J.P. Morgan Funds.

Thank you for being here.