The Economist Editor in Chief: American Economy Is ‘Confusing’

EXCERPT:

MINTON BEDDOES: "I think you described it as a confusing economy. I think, really, pretty much any economist you talk to now, you take what they say with a pinch of salt. No one really knows what’s going on. There are signs that the economy is weakening, at the same time you are completely right, the consumerism is in strong shape, unemployment is incredibly low, people still have a lot of savings from their stimulus checks and so forth. My take is, it's slowing, inflation is a problem. What happens going forward depends on what the Fed does, how much more aggressively does it rate interest rates, will that then tip the economy into a slight recession or into something steeper. I think the Fed is really what there is to play for."