John Wraith: Fed Is Erring on the Side of Waiting

The transcript discusses the uncertainty in the markets due to unclear data and global economic issues. It highlights the challenges faced by the Fed in making policy decisions with interest rates close to the floor. The leadership styles of Fed chairs, including Yellen, Greenspan, and Bernanke, are compared, emphasizing Yellen's consensus-building approach. The potential market reactions to rate changes and the importance of understanding the Fed's end goals are also explored.

What implications might a 25 basis point rate hike have for the markets?

Why might the Federal Reserve be cautious about making policy changes at this time?