Deutsche Bank's Slok Sees a Lot of Risk From China

The transcript covers a Fed news conference discussing global risks, market narratives, and the impact of interest rate changes on the economy. It highlights the challenges the Federal Reserve faces in communicating its policies and the potential effects of fiscal policy on employment. The discussion includes insights into the risks from China and Europe, the narrative of economic growth, and the implications of interest rate hikes on various sectors.

What does the speaker imply about the relationship between fiscal policy and the current economic cycle?

According to the text, what is the current state of employment in the US?

What does the speaker suggest about the potential for inflation if fiscal expansion occurs at low unemployment?