Economist Sweeney Says No Meaningful Inflation Above 2% Anytime Soon

The transcript discusses inflation expectations, focusing on the core PCE measure and its potential to reach 2% by March. It highlights the challenges in forecasting financial services inflation and debates whether aggressive measures are needed to boost inflation. The discussion also touches on the labor market's role in inflation policy. Finally, it addresses deflation concerns, emphasizing its rarity and the misconception of its prevalence.

What is the expected trend for core inflation towards the end of Q1?

• A sharp increase

• A significant decrease

• A modest increase

• No change

What challenge is mentioned regarding the financial services category at inflation?

• It is stable and predictable

• It is constantly revised and hard to predict

• It is easy to forecast

• It is decreasing rapidly

What is Charles Evans' stance on inflation?

• He believes it should remain stable

• He wants to decrease it below 2%

• He wants to increase it above 2%

• He is indifferent to inflation levels

What is the debate regarding the current economic situation?

• Whether to increase taxes or decrease spending

• Whether to focus on deflation or inflation

• Whether to jump-start inflation or let the economy heal

• Whether to decrease inflation or maintain it

What is the current concern regarding deflation?

• Deflation is rare and not a major concern

• Deflation is widespread and common

• Deflation is affecting all goods equally

• Deflation is increasing rapidly