Growth Summit 2023: Chief Economists Briefing
World Economic Forum
00:00
The Fed's Difficult Job
I think the data quality overall has certainly deteriorated. It's been really difficult to get a good angle on what is actually happening because of the post-pandemic recovery. We have an aging economy in the US and many other industrialized countries. The labor force will be shrinking. That's going to have an effect on how we produce and how much it's going to cost to produce, wages and therefore inflation at some point as well.
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