Why Austan Goolsbee Is Concerned About Fed Policy

The transcript discusses concerns about the Federal Reserve's rate increase projections for 2018, highlighting the importance of a data-driven approach. It examines the economic environment, including the yield curve's implications for recession risks. The Fed's credibility is questioned due to its struggle to meet inflation targets, emphasizing the need for careful policy normalization.

What implications does an inverted yield curve have according to the speaker?

What credibility issues does the speaker mention regarding the Fed's inflation target?