JPM Economist Kasman Sees U.S. Consumer Recovery as ‘Incomplete’

The video discusses the consumer recovery and its positive impact on economic growth, highlighting a strong initial rebound followed by moderate growth. It addresses high unemployment rates and predicts a slow recovery, with significant underutilization in the labor market. The video compares US and European policy management, suggesting Europe may outperform due to better virus control. It also examines US fiscal policy challenges, potential impacts of the upcoming election, and differences between a Biden and Trump administration.

In what ways does the economic policy response differ between the US and Europe during the recovery phase?

What potential challenges does the US face in maintaining fiscal policy effectiveness in the coming year?