Pimco's Schneider Expects Growth in 2022 to Spur Fed Action

The video discusses the economic growth forecast for the US, highlighting GDP predictions for 2021-2023. It explores the potential for lower growth rates than expected and the impact of a synchronized global recovery on economic dynamics. The discussion also covers inflation drivers, such as bottlenecks, and how these may influence the Federal Reserve's monetary policy decisions in the near term.

What is the median forecast for Real GDP growth in America for the year 2021?

How does the speaker describe the relationship between growth and inflation in the near term?

What factors are mentioned as driving inflation according to the speaker?

What does the speaker suggest will happen as bottlenecks in the economy are resolved?

What is the speaker's perspective on the potential for a monetary policy rate response in 2022 and 2023?