The Resilience of Consumer Spending

I don't think the government is all of a sudden going to be able to slow spending down. So I think that's the piece that could potentially keep inflation higher. If we are spending a ton of money on, I don't know, rebilling all the roads and construction and climate change and all this stuff, that's how we get three to 4% inflation instead of 2%. Can they just stop spending money? That's what I mean. They slowly, they can. You know who can't stop won't stop the consumer.

Transcript

Play full episode

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app