Wayne Best

Wayne Best, Chief Economist at Visa, discusses the shift to a new economic reality marked by persistent disruption. He highlights how political changes and trade disruptions have increased uncertainty in the global economy. Best notes that while AI presents opportunities, the productivity gains will take time due to governance challenges. He also contrasts growth and inflation prospects across regions and emphasizes the need for advanced economies to focus on technology while developing countries require capital. Best advises recalibrating strategies to adapt to these new dynamics.

Wayne Best, Chief Economist at Visa, joins to discuss the current landscape of the American consumer. He dives into Visa’s Spending Momentum Index, illustrating how inflation impacts spending across different income levels. The discussion also addresses trends in delinquency rates and the wealth effect on affluent consumers. Best shares insights on the challenges faced by lower-income households and the implications of Trump's economic policies, blending serious analysis with celebratory humor as the hosts mark their 200th milestone.