Forward-Looking Fed

David Weston discusses the Fed's recent interest rate hike and its implications for inflation and economic growth. Laura Tyson provides insights into the current economic outlook, highlighting the potential for a soft landing despite high interest rates. The conversation explores factors like consumer demand, investment, and AI's role in boosting productivity. Historical parallels with the Internet revolution are drawn, and the potential for AI to significantly impact productivity and economic policy is discussed.

What historical context does Dr. Tyson provide regarding productivity growth and its effects on inflation?

How does the conversation suggest that the current economic conditions might lead to a soft landing?

In what ways does the discussion highlight the potential impact of artificial intelligence on productivity?