Peter Hooper Says GDP to Slow on Lack of Tax Reform

The video discusses the economic trends focusing on GDP growth, consumer spending, and investment impacts. It highlights the influence of business-friendly policies and deregulation on economic growth, while noting the limitations due to lack of tax reform. The discussion shifts to market concerns about balance sheets, particularly the ECB and Fed, and the potential risks of redressing them too quickly. The video concludes with insights into labor market tightening and potential inflation pressures, emphasizing the importance of gradual policy adjustments.

What does the speaker imply about the future of tax reform and its effects on the economy?

In what way does the speaker suggest that the labor market is affecting inflation pressures?