Megan Schoenberger

We compare it to a broken traffic light at a four-way stop.

When there's a broken traffic light, cars slow down, they stop, they make U-turns and never make it to their destination at all.

That's exactly how uncertainty acts for households and firms.

There's a possibility, right, that they could slow economic growth to such an extent that they're disinflationary or even deflationary.

that in and of itself can be disinflationary.