Hubbard Says Fed Hasn't Been Clear About Balance Sheet

The transcript discusses the Federal Reserve's economic outlook, focusing on growth estimates, balance sheet policies, and market reactions. It highlights challenges in maintaining the Fed funds rate and addresses global economic concerns, including the trade war and its impact on business investment. The discussion also covers the effects of tax cuts on economic growth and the Fed's strategy for 2019, considering potential recession risks and credit market volatility.

What factors contribute to the uncertainty in business investment as mentioned in the text?

How does the Fed view the current economic growth in relation to long-term growth estimates?

What role do tax cuts play in the current economic environment according to the discussion?