6min chapter

Macro Musings with David Beckworth cover image

Heather Long, Ryan Avent, and Cardiff Garcia on Pandemic Reflections and Economic Predictions for the Future

Macro Musings with David Beckworth

CHAPTER

Is There a Policy Choice That Can Reverse These Trends?

Sally Kohn: I see the last couple of years as just super striking for the way that these things that seem like they would go on forever have reversed, at least for now. She says we'll probably return to the same structural factors that had us low inflation and low rates before 2020. The other one that has surprised me just watching numbers the last few years is the massive productivity decline in the U.S., she adds. Sutter: It's hard to know if this deep slump could be a drag on the economy for years to come.

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