Slok: Inflation Isn't Moving Down to 2%

The transcript discusses the challenges facing the American economy, focusing on inflation and the banking crisis. Jerome Powell's approach to these issues is analyzed, with emphasis on the Fed's policy decisions and the potential for further rate hikes. The resilience of the banking system and the impact of financial stress are evaluated, alongside the dynamics of the housing market and its influence on inflation. The discussion also covers the balance between inflation concerns and banking system stresses, highlighting the importance of measuring lag effects and the implications of recent bank failures.

What are the implications of the housing market recovery on inflation according to the discussion?

What factors need to happen before the labor market is expected to soften?

In what ways might the stresses in the banking system show up in the economy, according to the discussion?