America’s Economic Riddle

President Biden’s campaign swing through Pennsylvania this week is notable for two things – three days devoted to one “swing” state, and a nuanced message regarding the US economy that’s heavy on class-warfare rhetoric and light on inflationary concerns. Mickey Levy, a macroeconomist and Hoover Institution visiting fellow, explains the complicated picture of America’s economy – higher employment, higher productivity, and higher prices for goods and services; then Levy previews the upcoming Hoover Monetary Policy Conference and its annual look at the Federal Reserve’s performance.