Fed's Hawkish Rate Cut Suggests Fed Went Too Far in December, Economist Swonk Says

The transcript discusses the Federal Reserve's hawkish stance in December and how Powell's perspective suggests a shift in economic expectations. The promise of rate cuts instead of hikes is highlighted as crucial for economic performance. Internal dissonance within the Fed is noted, showing independence from external influences. Powell's repeated uncertainty is also discussed, indicating hesitancy in decision-making.

What does the speaker indicate about the dissonance within the Fed?

What concerns does the speaker express regarding uncertainty in the Fed's decisions?