How Global Conditions Are Weighing on the Fed

The transcript discusses global economic concerns, particularly Brexit, and their impact on the US economy. It highlights the Federal Reserve's shift from being data-dependent to focusing on individual datapoints, leading to market volatility. The discussion also touches on the concept of secular stagnation and the potential for a cyclical economic rebound, noting that none of the G7 economies were in recession in the first quarter of the year.

How does the speaker characterize the recent economic growth trends in the context of cyclical versus structural issues?

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What does the speaker suggest about the current state of the G7 economies?

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