Bloomberg Surveillance
Trump's Conviction and PCE Reaction
May 31, 2024
Economic experts Neil Dutta and Frances Donald discuss PCE data and inflation. Former Watergate prosecutor Nick Akerman talks legal implications for Trump. Harvard's Jason Furman shares insights on inflation and eco policy.
28:25
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Federal Reserve faces challenging trade-offs amid decreasing inflation forecasts, impacting economic outlook.
- 2% inflation target by the Fed is a directional goal; PCE deflator crucial for comprehensive expenditure analysis.
Deep dives
Neil Dutta's Views on Economic Outlook and Inflation
Neil Dutta shares his views on the American economic outlook, stating that the trade-offs for the Federal Reserve are becoming more challenging. He predicts that inflation is likely to decrease over the next few quarters. However, he suggests that if the Fed is hesitant to adjust policies in response to this declining inflation, it could impact the overall economic outlook, especially considering the moderation in wage growth observed recently.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
