University of Maryland's Moskowitz on Jackson Hole

The transcript discusses expectations for the Fed's monetary policy, focusing on a restrictive stance due to strong labor market data. It explores the concept of a soft landing and immaculate disinflation, highlighting the challenges and predictions made by economists. The R Star debate is analyzed, emphasizing the difficulty in determining how long high rates will persist. The importance of data dependency in Fed policy is stressed, with a focus on market expectations and the uncertainty surrounding interest rate decisions.

What implications does the speaker suggest if new geopolitical risks arise?

What is the speaker's view on the Fed's communication regarding interest rate hikes?

How does the speaker suggest the markets should interpret the Fed's data-dependent approach?