The U.S. economy is in a surprising growth phase, and one of the outstanding questions is whether monetary policy is working and what the Fed’s next steps will be. With U.S. growth consensus for this year tripling since August 2023, Andreas Steno Larsen invites Dario Perkins, managing director of global macro at TS Lombard, to discuss the relevance of recession now and the feasibility of central banks allowing higher inflation targets.