US Will Be on Edge of Recession for 2 Years: JPM's Kelly

The transcript discusses the current state of the economy, highlighting distorted GDP and employment data. It examines the tight labor market and its impact on employment trends, noting the potential for a slow economic growth and recession risks. The discussion also includes predictions for future economic conditions, suggesting a return to a low inflation environment similar to the past decade, with the Federal Reserve focusing on managing inflation rates.

What is the speaker's overall outlook on the economy for the next two years?

What does the speaker predict about inflation rates in 2024?