OECD's Boone Says U.S. May Need to Delay Fiscal Consolidation

The video discusses the challenges faced by fiscal policymakers in Europe due to rising energy and food costs, recommending targeted support for low-income households. It highlights market volatility amid ongoing conflicts and the potential economic impacts. The US economy's resilience is noted, with the Federal Reserve's monetary policy adjustments in response to inflation. The pandemic remains an economic risk, affecting global supply chains, particularly in China.

What is the significance of targeted fiscal support measures for lower-income households in the context of rising energy and food prices?

In what ways can the pandemic still impact the global supply chain and inflationary tensions?