Fed Is Right to Put Balance Sheet on Auto Pilot, Economist Goolsbee Says

The video discusses the market's reaction to the Federal Reserve's decision to put the balance sheet on autopilot, contrasting it with interest rate policies. It highlights the potential for increased volatility and the impact of simultaneous interest rate hikes. The discussion also covers economic conditions, questioning the strength of the economy as projected by the administration and the Fed, and suggests a cautious approach to tightening monetary policy.

What does the speaker suggest about the projected rate hikes by the Fed?

In what way does the speaker believe the current financial conditions have changed recently?