Can the Fed Live With a Stronger Dollar?

The transcript discusses the Federal Reserve's approach to normalizing interest rates, emphasizing a slow and steady increase. It highlights the Fed's communication strategy and the market's expectations. The discussion also covers the impact of a stronger dollar on the US economy, potential risks from China's economic situation, and the challenges the Fed faces in integrating global economic factors into their models. The importance of geopolitical factors in economic policy is also noted.

In what ways can geopolitics influence economic policy as mentioned in the text?

What unintended consequences might arise from the Fed normalizing its policy?