Part 4/9:
The conversation further explored economic growth forecasts, specifically touching on the Atlanta Fed’s GDP estimates for 3% growth in Q1 2025. While Elliot acknowledged that the economy has been growing healthily at 2-3%, he cautioned that future fiscal policies might not support such trajectories. He signaled a despondency towards optimistic GDP growth projections given the realities of tightening government spending and an overarching economic environment influenced by new tariffs.