Commonwealth Club Of California Podcast

The Commonwealth Club’s Bank of America Walter E. Hoadley Economic Forecast will be held on February 4, at noon. It will feature a macroeconomic update from Stanford University's Michael Boskin, a former chair of the President's Council of Economic Advisers, and a focused look at inflation from leaders facing the issue on-the-ground in California, including the head of the second largest port in America, as well as the CEO of a global supply chain company. The forecast comes as the COVID-19 pandemic stretches into its second full year, and the U.S. economy is in a murky and confusing state. Growth has returned, yet it has been accompanied by historically high inflation that is impacting many sectors of the economy. Global supply chains have been strongly influenced by unpredictability in both virus waves and labor force participation, and planning for everything from inventory management to labor force participation continues to be in flux. Our annual forecast will focus on what this unpredictability will mea