What the Fed's 'Patience' Means

The transcript discusses the Federal Reserve's stance on being patient and flexible, highlighting a disconnect between the Fed's message and market perception. The Fed remains data-dependent, with expectations of potential rate hikes. The discussion also covers the impact of tightening financial conditions on US growth, inflation considerations, and the possibility of the Fed adopting a less restrictive monetary policy.

In what ways might the Federal Reserve's actions in 2019 impact U.S. economic growth?

What does the speaker mean by 'temporary patience' in relation to the Federal Reserve's policies?