

Bloomberg Economics' Chief US Economist Just Turned From Bearish To Bullish | Anna Wong
46 snips Oct 5, 2025
Join Anna Wong, Chief U.S. Economist at Bloomberg Economics and former advisor to the Federal Reserve and White House, as she reveals her surprising shift from bearish to guardedly bullish on the economy. Anna discusses how easing policy headwinds and upcoming fiscal measures will support growth. She explores the impact of potential inflation and the dynamics of a bifurcated labor market. Plus, hear her insights on how rising growth could affect bond yields and the implications of an evolving market landscape.
AI Snips
Chapters
Transcript
Episode notes
Macro Headwinds Have Turned Into Tailwinds
- Anna Wong believes the worst deceleration of the U.S. economy is over and momentum is turning positive.
- She cites diminishing policy uncertainty, an easing Fed, and a rising fiscal impulse as drivers of acceleration.
Fiscal Change And Wealth Effects Can Boost Demand
- Wong expects the recent tax and spending changes to raise the deficit next year and boost consumption via rebates and wealth effects.
- She points to stronger car sales and top-20% household wealth gains as evidence of positive demand.
Markets Are Focused More On Cyclical Growth Than Fiscal Fears
- Wong argues markets view the recent bill as 'paid for' via tariff revenues, muting long-term yield moves.
- She says shorter-term cyclical growth concerns still dominate longer-term Treasury behavior.