Returning to Normalcy

The podcast discusses the journey towards returning to normalcy in the US economy. The speaker reflects on the pre-2008 era and highlights the dominant role of the Fed since the financial crisis, with zero interest rates and quantitative easing. With the COVID pandemic and multiple stimulus packages, the US economy is experiencing high inflation and a surge in consumer spending. However, the speaker believes that the US economy is gradually heading towards normalcy, aiming for a 3% GDP growth rate, 3% unemployment, and 3% wage growth.