U.S. Economy Is on a Glide Path to Slower Growth: Professor Eichengreen

The video discusses the new normal of 2.0% GDP growth rates and their implications on the market, particularly in equities. It highlights the US economy's slower growth trajectory, with weak business investment but strong consumer spending. Concerns are raised about the manufacturing sector's recession and its potential impact on consumer confidence, especially with looming tariffs.

What was the reaction of the Fed to the economic news mentioned?

What factors are contributing to the consumer's confidence according to the text?