St. Louis Fed's Bullard Sees Need to Insure U.S. Economy Against Spillovers

The video discusses the Federal Reserve's actions in the mid-90s, particularly during the Asian currency crisis, and compares them to current economic challenges like the global trade war and manufacturing contraction. It highlights the inverted yield curve and the lack of demand or credit issues in the US, emphasizing the global slowdown and potential repercussions of the trade war. The speaker suggests that while the situation is not dire, precautions should be taken to protect the economy.

How does the speaker describe the current state of the US economy?

What does the speaker suggest should be done to protect against potential economic downturns?