Gross: Good Job Growth, but No September Rate Hike

The transcript discusses the current economic landscape, focusing on job growth, global conditions, and the strength of the dollar. It highlights the Federal Reserve's concerns about global markets and the impact of a strong dollar. The conversation also touches on economic distortions and the importance of understanding the broader economic debate. Additionally, it examines consumer spending trends and the decline in the savings rate, emphasizing the need for sustainable economic growth.

What is the significance of the household survey mentioned in the text?

What factors does Janet Yellen consider when reassessing economic policy?

How has the dollar's trend affected the Federal Reserve's decisions?

What does the speaker suggest about the real economy's growth rate?

Discuss the relationship between consumer spending and the savings rate as described.