Kroszner: Fed Not Backing Off

The transcript discusses the Federal Reserve's approach to managing economic uncertainty, focusing on inflation and interest rates. It highlights the challenges of using past data to make decisions, the impact of monetary policy with time lags, and the Fed's cautious stance on forward guidance. The discussion also covers core inflation, particularly in the housing market, and the importance of financial conditions in shaping the Fed's strategy. The Fed aims to raise interest rates to curb inflation, despite market expectations of a potential pivot.

What are the potential consequences of the Federal Reserve's tightening measures on the job market?

How do housing prices and rents impact inflation calculations?

What advice would you give to the Federal Reserve regarding their forward guidance?