Greene on Inflation, Retail Sales

The transcript discusses the current state and future of inflation, focusing on the Fed's concerns about sticky wages and the potential for a recession. It highlights the resilience of retail sales and the labor market, despite economic uncertainties. The impact of global supply chain issues, particularly from China, is examined, along with the potential effects on inflation. The European Central Bank's strategies to tackle inflation and economic challenges are also explored, emphasizing the interconnectedness of global economies.

What role does labor hoarding play in the current economic situation?

How might the easing of supply chain issues affect inflation in the future?

What challenges does the ECB face in managing inflation compared to the Fed?