Is There a Recession in 2022?

Mark O'Mara: I'm so glad you're here. There's three top of mind macro issues that the all related. First, inflation. Where's it headed? Second, what does this mean for monetary policy? Third, where does this land us in terms of the economy in the next 12, 18 months? And there's a bit of a parlor game now about recession. So let's begin with inflation. It's been distilled down to demand versus supply. But how are you thinking about why we're in this kind of high inflation environment that we're in? This demand versus supply argument really matters a lot because it shapes how persistent you think the inflation will be.