Michelle Meyer said disinflation is a bigger concern than inflation due to weak demand from businesses and consumers.
The U.S. economy has entered the third stage of the coronavirus pandemic called the "healing phase," according to economist Michelle Meyer.The economy faces a bumpy ride as it tries to heal from the shock of theIn a CNBC interview, Meyer said the U.S. economy has entered the third stage of thecalled the "healing phase," after the lockdown and transition phases when businesses shut down and then started to reopen.
"This is the part of the cycle where things are going to be a little bit harder, it's going to be a bumpy ride ahead," Meyer said. She spoke before the Commerce Department reported on Thursday that the U.S. economy saw a historic quarterly plunge in activity, a
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