The Economy Does Not Depend on Fed Policy, Roubini Says

Nouriel Roubini said US inflation is expected to slow and argued the economy is being powered more by the tech boom than by Federal Reserve policy. The comments are broadly macroeconomic and do not include any new data point or policy action. Market impact is likely limited, though the view reinforces the narrative that technology is supporting growth and disinflation.

Analysis

Nouriel Roubini said US inflation is expected to slow and argued the economy is being powered more by the tech boom than by Federal Reserve policy. The comments are broadly macroeconomic and do not include any new data point or policy action. Market impact is likely limited, though the view reinforces the narrative that technology is supporting growth and disinflation.