Fed's Clarida on U.S. Economy, Powell Put, 2% Inflation Target

The transcript covers discussions on trade, the US economy, and the role of Fed policy in maintaining economic stability. It highlights John Williams' views on inflation and the Fed's framework, the impact of globalization on disinflation, and the concept of the Powell Put. The dialogue also explores the use of economic models in Fed decision-making and the importance of data dependency in monetary policy.

How does globalization impact inflation according to the speaker?

What is meant by the term 'Powell put' as described in the text?

What is the importance of data dependency in monetary policy as mentioned in the text?