Is the U.S. Still in the Great Moderation?

The video discusses economic history, focusing on the great moderation and current economic conditions like low yields and inflation. It debates traditional economic orthodoxy versus new theories, considering factors like globalization and technological change. The role of central bankers in the context of global politics and policy uncertainties is also explored.

What does the term 'great moderation' refer to in the context of the economic discussion?

In what ways does the uncertainty about policies affect businesses and consumers?