Lew: A Deep Recession Is Not Out of the Question

The video discusses the economic challenges following the pandemic, including high inflation, slow supply chain recovery, and the Fed's response of raising interest rates. It explores the potential for a slower economy and the Fed's strategy to manage inflation while considering employment impacts. The discussion speculates on whether inflation can be controlled without triggering a recession, with differing views from economists and market indicators. The video also analyzes market reactions and the Fed's potential adjustments based on inflation and unemployment data. Finally, it considers the unique economic circumstances and expresses optimism about managing the situation without a deep recession.

What factors contribute to the uncertainty in the economic outlook?

What is the speaker's perspective on managing the economy without a deep recession?