El-Erian Says Data Shows US Recession Can Still Be Averted

The transcript discusses the probability of a recession, emphasizing that it is not inevitable and can be averted. It highlights the impact of inflation on vulnerable populations and the importance of maintaining economic strength. The conversation also debates the appropriateness of the 2% inflation target, suggesting a potential shift to a 3-4% target due to changing economic conditions.

What is the speaker's hope regarding the strength of the economy?

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What are the two reasons the speaker gives for a potential inflation target of 3 to 4%?

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