David Mericle

David Mericle, chief US economist at Goldman Sachs Research, delves into the intricate world of tariffs and their effects on the US economy. He discusses how these policies influence inflation, projecting shifts in core PCE inflation rates. The conversation highlights rising recession risks linked to current policies and what it means for GDP forecasts. Mericle also addresses the uncertainties surrounding trade relations with Canada and Mexico, examining their repercussions on business confidence and Federal Reserve strategy.

David Mericle, Chief U.S. economist at Goldman Sachs Research, unpacks the puzzling dynamics of the economy. He explains why solid GDP growth contrasts with slower job growth, attributing it to increased productivity and restricted immigration. The discussion also touches on the minimal impact of AI on hiring and the implications of recent tariffs. Additionally, David assesses the potential risks of labor market softening and how the Fed may adapt amidst incomplete data. His insights provide clarity on the current economic landscape.

David Mericle, Chief US Economist at Goldman Sachs Research, dives into what investors expect from a potential second Trump administration. He discusses significant concerns over universal tariffs and how these fears influence market pricing. The talk explores investor reactions to recent tariffs on imports and anticipated immigration policies. Additionally, Mericle analyzes sentiments on the 2017 tax cuts and the implications of government spending cuts, all while offering insights into the long-term economic landscape and Federal Reserve projections.

David Mericle, Chief U.S. Economist at Goldman Sachs, and Eamon Javers, CNBC correspondent, break down the latest in U.S.-China trade talks and inflation. They discuss how a better-than-expected CPI might influence Fed policy, with rising odds for rate cuts. The conversation heats up around Elon Musk's changing stance on Trump, the implications for Tesla, and Meta's bold $14 billion AI investment. Legal challenges in AI also take center stage, highlighting the ongoing battle between entertainment giants and AI technologies.

Goldman Sachs Research’s US Chief Economist David Mericle discusses why inflation fears are exaggerated and the positive outlook for US economic growth. Topics include factors behind inflation rates, confidence in economic growth forecasts, financial conditions, Fed policy, and evolving views on interest rates.