Fed's Goolsbee warns against over-reliance on productivity gains, Bloomberg News reports

Feb 28 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee lauded the recent increase in productivity growth, but warned that over-anticipating the positive economic effects from the growth could put the central bank in a "tough position", Bloomberg News reported on Friday.

"If there’s too much anticipation of these productivity booms, it can overheat the economy in the short run and it can lead to an investment overhang, not unlike the one of 2000, which ushered in the recession," Goolsbee said in an interview to Bloomberg News