Chief Economist Joseph Minarik Discusses the Economy and 2022-23 Rate Increase

Joseph Minarik is Senior Vice President and Director of Research at the Committee for Economic Development at the Conference Board (CED) and indicates that Federal Reserve are leaning just a touch hawkish (he isn't completely convinced) and many of the problems we are facing are somewhat transitory. He expects fiscal support to eventually taper and there are a number of unknowns that can cause or own problems. We may want to watch the jobs report in September and see what happens when kids go back to school. (The jobs report is only somewhat telling because as people return to work, or flux in service-Delta Covid adjustments we may reach a maximum unemployment rate where it becomes better to invest in technology development to fill the labor shortage gap pushing the economy closer to its own Renaissance when matched with market changes and government focus on innovative development that redraws our supply chains and global "investability". See New Paths American Renaissance Post 9'11 Era )

Global Marketing Mindset

He is right when he states the indicators of economic growth are sort of inconsistent and not easy to trend (At least by traditional economic measures. We shouldn't forget the other non-traditional metrics based in human behavior.). This often happens when nations are in transition from one form of existence to another both in physical structures and in the global mindset ( Global Marketing, Global Leadership, Global Executives and Global Organizational Culture i.e. digitizing in a increasingly connected global world with other environmental pressures that force us to think beyond our time rooted economic, environmental and social assumptions. A more macro view of ourselves that launches new ideas and products.) 

Update Federal Stats

Much will depend on how our national leaders decide issues versus simply the magic economic conditions. Big Data allows decision makers to see how our economy works form a eagle eye perspective that provides greater awareness of the bigger system that hopefully moves decision making away from the small (race/religious issues, short-sighted choices, and hyper policies that aren't based in critical thinking or science.) Congress and law makers have a lot of choices to make within windows in which they are most beneficial and create the biggest impact to stretch those dollars (Remember all business, success, and thriving is making the right choices at the right time. Why I support bi-partisan initiatives and why robust discussion can be beneficial when we learn from each other; assuming we are open to learning.🙉🙊)Its the time for practicality and the lowering of hyper politics to make it through the transition. (See Biggest Risks to US Economy Decision Making and Human Capital)

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