Downside Risks Should Make Fed Reticent About Rate Hikes, Kocherlakota Says

The transcript discusses economic uncertainties and potential risks for 2019-2020, focusing on the Federal Reserve's tools and strategies to manage these challenges. It highlights the debate on the effectiveness of quantitative easing (QE) and the impact of interest rate changes on the economy. The discussion emphasizes the need for gradual rate increases to maintain economic stability and control inflation, while considering the limitations of the Fed's tools in addressing future economic shocks.

What does the speaker suggest about the impact of raising rates on the economy?

In what way does the speaker believe the Fed's actions could affect inflation and unemployment?