Gregory Daco, Chief US Economist at Oxford Economics joins Bloomberg TV’s Tom Keene, Jonathan Ferro and Lisa Abramowicz. In this show, Tom, Jonathan and Lisa have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets.
Gregory examines the latest signals from our US Recovery Tracker and discusses Oxford Economics' optimistic forecast for the US economy, which highlights 7% US GDP growth, 7 million new jobs, a 4.6% unemployment rate in Q4 and 2.4% core inflation in Q4.
The discussion also centered around the unavoidable, but not uncontrollable firming of inflation, and Fed's delicate position with long-term rates rising rapidly.
Gregory Daco's interview begins at 25:10 and lasts for 10 mins. Watch and listen to the full interview below: