Bloomberg Wall Street Week - February 16th, 2024
Wall Street Week
00:00
Analyzing Inflation and Policy Implications
This chapter delves into the topic of inflation and how experts predicted its increase in 2021, discussing the impact of fiscal stimulus, pandemic vaccines, and projections made by individuals like Gillian Tett and Larry Summers. It also explores the recent US CPI numbers surpassing the 2% target, with Larry Summers suggesting a paradigm shift and the potential need for Fed rate adjustments. The conversation extends to fiscal policy, taxation, IRS reform, and the impact of rising interest rates on commercial real estate, emphasizing the importance of enforcing tax laws and monitoring bank portfolios.
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