Prestige's Schenker Says U.S. Just Not Seeing Inflation

The video discusses the current state of the job market, highlighting solid job creation and low unemployment rates. It examines the Federal Reserve's challenges with low inflation and its implications for monetary policy. The discussion also covers the potential risks of unwinding the Fed's balance sheet, drawing parallels with the European Central Bank's past experiences.

What historical example is provided regarding the unwinding of the balance sheet?

What concerns are raised about the potential impact of reducing the balance sheet on economic growth?