Citi's Bill Lee Says Don't Expect Much Fiscal Stimulus

The transcript discusses the impact of market sentiment on economic perceptions, highlighting a bifurcation between optimistic feelings and hard data. It examines the Fed's policy approach amidst this divide, referencing economic indicators and the role of fiscal stimulus. The discussion includes insights into economic modeling and the asymmetric impact of wealth changes on consumer behavior.

What does the speaker indicate about the potential for fiscal stimulus from the Republicans?

In what ways does the speaker suggest that feelings data can impact hard data?