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Dario Perkins questions recent optimistic assessments about the U.S. economy. He reacts to claims that U.S. trend growth is set to reach 4 percent and that there is nothing to stop the stock market from climbing higher, suggesting a level of skepticism about such strong outlooks for economic performance and the effectiveness of Federal Reserve policy.
His comments highlight ongoing debate about the sustainability of U.S. economic growth and market momentum.
Perkins has previously observed that few expected Fed rate hikes at the start of the year, with forecasts remaining below the current policy rate. He has also connected ECB interest rate decisions to Germany’s experience with 1970s inflation. These earlier comments reflect his focus on central bank actions and historical policy contexts.