'Excessively High' Equity Prices Are Biggest Risk, Economist Feldstein Says

The transcript discusses Jay Powell's economic outlook, emphasizing the uncertainty in economic numbers and the justification for gradual interest rate increases. It highlights potential risks of an economic downturn due to high fiscal deficits and unsustainable equity prices. The discussion also covers inflation trends, market expectations, and the impact of tariffs and emerging markets on the US economy.

What is the significance of inflation expectations in the current economic context?

How might tariffs impact the economy according to the discussion?

What concerns were raised regarding the housing market?