This video argues that the U.S. economy never fully recovered from the 2008 crisis. The speaker claims that the Federal Reserve’s target inflation rate of 2% was not met after the crisis, with the average inflation rate only reaching 1.7% by 2020. The video suggests that the money printing implemented after COVID-19 caused inflation to rise to 2.4% or 2.5%, which is above the target rate. The speaker concludes that the Federal Reserve will either need to cause deflation or keep inflation near 0% for a longer period to address the situation. The video mentions that despite low interest rates and quantitative easing after the 2008 crisis, the U.S. economy never fully recovered according to the Federal Reserve.
