John McDevitt, 3M Corporate Economist Retired
May 22, 2003—John McDevitt, 3M Corporate Economist Retired and former FloorRadio Regular discusses deflation, what it is, what causes it, what are the chances of it occurring in this economy, what it means to the economy, and what the Federal Reserve could do about it if it does occur. McDevitt also discusses the weakening dollar and its implications, tax cuts, the state of the economy and the mood of the consumer.