U.S. Economy: Disinflation Wins the Day

The video discusses the current state of disinflation and its global implications, focusing on the differences between domestic and import inflation. It highlights the challenges policymakers face in managing deflationary pressures and the impact of global risk factors on yields. The discussion also covers the economic outlook for the US, Europe, and Japan, and explores the potential for successful reflation using available economic tools.

Discuss the challenges faced by policymakers in the current economic climate.

Can successful reflation be achieved in today's economic environment? Why or why not?