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 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.

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.

David Mericle, Chief US Economist at Goldman Sachs Research, shares his insights on the current state of the economy. He discusses why fears of a recession may be exaggerated, emphasizing the stability of the labor market despite a disappointing jobs report. Mericle highlights conflicting economic indicators and suggests that the economy remains resilient, with strong job growth countering bleak predictions. He also evaluates the Federal Reserve's strategies, advocating a cautious optimism as the markets navigate shifting consumption patterns.

Prof Wendy Schiller, Sarah Hunt, and David Mericle discuss Biden's health impact on the market, AI future, Powell's stance on inflation, tech companies' cash reserves, housing boom in Silicon Slopes, and estate planning trends. Also includes frozen meeting anecdotes and podcast promotion.