Asks if Fed is 'there yet' with rate cuts and what's given them confidence.
David Weston
Jason Furman
Says Fed is looking pretty close to cuts, with unemployment ticking down and softness in inflation numbers.
Asks where inflation risk could come from.
David Weston
Jason Furman
Identifies inflation expectations, tariff pass-through, and economic tailwinds (fiscal expansion, data centers, weak dollar) as potential inflation sources.
Asks why tariffs haven't caused more inflation.
David Weston
Jason Furman
Businesses absorbed more tariff costs than expected, but auto companies selling at loss won't continue forever; tariffs have been dialed back.
Asks about unemployment stabilization and immigration impact.
David Weston
Jason Furman
Mostly due to limited immigration supply; with aging workforce and low fertility, fewer jobs needed to keep unemployment constant.
Discusses Trump's comments on dollar weakening and its export benefits.
David Weston
Jason Furman
Finds Trump's market-based dollar view refreshing; weaker dollar could help trade deficit but at expense of American consumers via higher prices.
Asks about turmoil in Japanese government bonds.
David Weston
Jason Furman
Says Japan is experiencing normal macroeconomics after long abnormality; with inflation, investors want more compensation for lending to Japan.
Asks about geopolitical tensions and tariff retaliation risks.
David Weston
Jason Furman
Most countries didn't retaliate to US tariffs last year; risk depends on direction of US tariffs - if increased, could see more retaliation.