U.S. Is in Disinflationary Environment: JPMorgan's Feroli

The transcript discusses the impact of a short recession on GDP growth, noting that the recovery has been robust, leaving the potential GDP growth estimate unchanged. It explores the possibility of inflationary pressures due to economic recovery and government spending, but suggests inflation will remain below the Fed's target. The conversation on inflation is polarized, with some seeing a disinflationary environment, similar to past economic conditions when the Fed expanded its balance sheet.

What factors contribute to the uncertainty regarding trend GDP growth after a recession?

What are the implications of increased capital spending on productivity growth?

How does the current economic recovery compare to past recessions according to the speaker?

In what ways might inflationary pressures be affected by the current economic conditions?

What is the speaker's perspective on the current inflationary environment?