Economy Is on Bit of a 'Sugar High,' Griffin Says

Economic Environment - The Trump administration's policies are aimed at improving the conditions for the average American family, contributing to market enthusiasm in the U.S. [1] - The current economic situation is characterized by fiscal and monetary stimulus typically seen during a recession, despite being in a period of near full employment [2] Market Sentiment - The U.S. economy is experiencing a "sugar high," with markets moving past tariff issues, although high inflation remains unresolved [3] - There is a prevailing belief that inflation will eventually decrease, but this conclusion may be premature given the pro-inflationary environment created by current policies [4] Federal Reserve's Focus - The Federal Reserve's focus on the labor market over inflation is a topic of debate, with historical context provided by Janet Yellen's approach during her tenure [5][6] - The Fed faces a challenging decision between protecting the labor market and managing inflation, which could expose them to risks if inflation reaccelerates in the near future [7]