00:00:00
if you keep money stationary as it has
00:00:03
been over the last two to three years I
00:00:05
think you are really looking a recession
00:00:09
uh right in the face so we need to get
00:00:12
that going but if he does get that going
00:00:14
and you get that going by lowering rates
00:00:16
because that encourages loan activity
00:00:18
Banks then can loan more build up
00:00:21
deposits I think we could have an
00:00:23
excellent year next year I think the
00:00:25
productivity rebound that we see this
00:00:28
year can continue next next year AI can
00:00:31
make a positive contribution to that
00:00:34
productivity we could have higher labor
00:00:36
force participation and the reshoring of
00:00:40
many production processes would be
00:00:42
another positive for the United States
00:00:45
uh going
00:00:50
forward
