Pimco's Fels on Global Economy, U.S.-China Trade War, Fed Policy

The video discusses the uncertainty in the global economic outlook, highlighting both downside and upside risks. Key factors include trade policy, Fed actions, and fiscal policy. The limitations of conventional monetary policy are explored, along with potential unconventional approaches. The impact of global unrest and populism on economic stability is also examined.

What limitations to monetary policy are highlighted in the text?

What role does fiscal policy play in the current economic environment?

How does globalization impact political stability according to the discussion?