Lockhart: Fed Cut Was a Second Payment on an Insurance Policy

The video discusses the Federal Reserve's recent actions and economic outlook, focusing on interest rate cuts characterized as risk management. It examines labor market trends, noting a slowdown as the economy nears full employment. The discussion highlights global risks impacting the US economy and the Fed's strategic responses, including potential quantitative easing. The video also addresses recent repo market turmoil and the Fed's balance sheet growth strategy.

What does the speaker imply about the Fed's approach to potential future rate cuts?

How does the speaker describe the current consensus among Fed members compared to previous years?

What is the speaker's view on the likelihood of needing a new QE program?