Pantheon's Shepherdson Concerned About Inflation Risk

The transcript discusses the global economic growth, highlighting strong growth stories across industries and services. It addresses concerns about the tightening US labor market, potential inflation, and the Federal Reserve's response. The discussion includes the implications of wage growth on inflation and the role of the Federal Reserve in managing economic policy. The potential for rising inflation rates and the need for proactive policy measures are emphasized.

What actions does Janet Yellen suggest should be taken in response to the labor market conditions?

What is the significance of the year-over-year core inflation rate mentioned in the text?