Fed's Clarida on Inflation Target, Employment, Yield Curve

The transcript covers a discussion on the US economy, focusing on inflation, employment, and monetary policy. It highlights the Federal Reserve's approach to maintaining economic stability, the impact of the coronavirus, and the importance of political independence in policy-making. The dialogue also touches on the coordination between fiscal and monetary policies and the challenges of addressing income inequality.

What are the implications of low unemployment rates on inflation, according to the Federal Reserve's perspective?

What role does the Federal Reserve play in monitoring the impact of external factors like the coronavirus on the economy?

In what ways does the Federal Reserve engage with the public to understand economic conditions?

How does the Federal Reserve differentiate between monetary and fiscal policy in its operations?