Bullard Says Reaccelerating US Economy Could Delay Fed Policy Shift

The transcript discusses the current state of the US economy, highlighting a reacceleration in growth as reported by the Atlanta Fed's GDP Now. This growth challenges predictions of an imminent recession and may influence inflation trends and Federal Reserve policies. The conversation also touches on the potential for inflation to reaccelerate due to base effects and the importance of analyzing 12-month numbers to understand seasonal impacts.

What are the current signals regarding the US economy's growth?

What challenges are faced by those predicting an imminent recession?

How might the reacceleration of the US economy affect inflation?

What is the significance of looking at the 12-month numbers in economic analysis?

What factors could lead to a higher rate profile for the Fed?