Macro questions and market strength

This Goldman Sachs Exchanges podcast interviews Jan Hatzius and Dominic Wilson about the economic impact of the Trump administration's policies, particularly tariffs. The discussion revisits a previous outlook report ("Will tailwinds trump tariffs?") and finds that while tariff impacts are higher than initially predicted (potentially 4-7 percentage points), positive economic tailwinds still outweigh them. The panelists analyze market reactions, noting the strong dollar and resilient equity markets despite higher-than-expected inflation and yields. They conclude that while uncertainty remains, the current economic environment is largely positive, though data reliability is becoming a concern due to policy changes affecting data collection.