Capital Spending in U.S. Is Recovering, Says Feroli

The transcript discusses the potential GDP of the US amid the pandemic, highlighting the impact on capital spending and productivity growth. It explores the balanced debate on inflation, considering both supply and demand shocks. The Federal Reserve's policy changes and their effects on the market are examined. The social and economic impacts of the pandemic, including the labor market's recovery and unemployment trends, are analyzed. The need for fiscal support and its influence on economic performance is also discussed.

What factors are contributing to the debate about potential GDP growth in the US?

How has the pandemic affected capital spending and productivity growth according to the text?

What is the significance of the inflation debate mentioned in the text?

Discuss the implications of the unemployment rate trends mentioned in the text.

What are the potential outcomes for inflation in the coming years as discussed in the text?

What challenges are associated with the jobless benefit numbers as described in the text?

How does the text describe the relationship between fiscal policy and economic developments?