Greene: It Is Possible We Are in a Recession

The video discusses the definitions and implications of a recession, focusing on the U.S. economy's current state. It highlights the unusual strength of the labor market despite potential recession indicators. The discussion extends to inflation, the role of fiscal and monetary policies, and the impact of tariffs. The video also covers economic challenges in Europe, particularly the ECB's approach to inflation and the eurozone's fragmentation issues.

What is the NBER's definition of a recession?

What are the implications of having 11 and a half million unfilled jobs during a recession?

How does the current labor market situation relate to the possibility of a recession?

Explain the concept of a 'jobless recovery' and how it relates to the current economic situation.

Discuss the potential impact of removing tariffs on inflation.

What factors contribute to the current inflation in the US economy?

What challenges does the ECB face in managing inflation compared to the Fed?