-HIGH-TECH ADJUSTMENT DOESN'T DERAIL LONG-TERM PROSPECTS
-FED'MORE FLEXIBLE'GIVEN PRODUCTIVITY-RELATED UNCERTAINTY
-US HAS 'SIGNIFICANTLY HIGHER TREND GROWTH RATE OF PROD.'
-PRODUCTIVITY SURGE MADE OLD ECONOMY RULES'LESS RELIABLE'
-PROD. SURGE DIDN'T END BIZ CYCLE; GDP 'SLOWED MARKEDLY'
-FASTER PRODUCTIVITY GROWTH ENABLES FASTER GRWTH,LOW INFL