Fed Is Worried About Facing Japan-Style Situation: Kroszner

The transcript discusses the US economic outlook, focusing on growth, inflation, and unemployment. It highlights the Fed's concerns about inflation undershooting and the potential risks of overshooting. The Fed's strategy to adjust inflation targets and the implications of low interest rates on financial stability are also examined. The discussion includes the Fed's upcoming policy review and its potential impact on market expectations.

What strategies might the Fed consider to address their inflation target based on the text?

What implications do low rates in the corporate bond market have for financial stability?