Fed Challenged by 'Mounting Misery': Pimco's Wilding

The video discusses the economic challenges facing the Federal Reserve, including rising inflation and unemployment. It explores the potential for interest rate hikes and the implications for the labor market. The discussion includes forecasts for unemployment and inflation, highlighting the need for economic contraction to manage inflation. The video also examines the possibility of a recession and the expected duration of economic contraction.

In what ways has the pandemic affected the labor market and economic recovery?

What are the expected trends in core inflation for 2023 and 2024 according to the analysis?

How does the current economic situation differ from the recovery seen after the pandemic?