Capital Spending in U.S. Is Recovering, Says Feroli

The transcript discusses the potential GDP of the US amid the pandemic, highlighting the impact on capital spending and productivity growth. It explores the balanced debate on inflation, considering both supply and demand shocks. The Federal Reserve's policy changes and their effects on the market are examined. The social and economic impacts of the pandemic, including the labor market's recovery and unemployment trends, are analyzed. The need for fiscal support and its influence on economic performance is also discussed.

What factors are contributing to the debate about potential GDP growth in the US?

How has the pandemic affected capital spending and productivity growth according to the discussion?

What are the two sides of the inflation debate mentioned in the text?

What is the significance of the jobless filings mentioned in the conversation?

What challenges are associated with the reporting of unemployment claims during the pandemic?

How might the lack of fiscal support impact the unemployment rate by the end of the year?

What is the overall sentiment regarding the economic recovery as discussed in the text?