Zentner: Fed Creating New Monetary Policy Framework

The transcript discusses the Federal Reserve's need to develop a new monetary policy framework in a post-financial crisis world. It highlights Janet Yellen's approach at Jackson Hole, focusing on the challenges of maintaining low interest rates and the need for realistic economic projections. The discussion includes the potential for a prolonged low-interest-rate environment and the implications for future economic growth.

What does the speaker mean by 'rethink monetary policy entirely'?

What implications does the speaker draw from the Fed's discussion on a new framework?