Fed's Probably Not Done Yet, Former NY Fed President Dudley Says

The transcript discusses the Federal Reserve's monetary policy, focusing on the current economic cycle, factors influencing the Fed's decisions, and the tools available to address economic downturns. It also covers the federal deficit, modern monetary theory, and the outlook on inflation. The Fed's cautious approach to rate hikes and its impact on the economy and markets are highlighted.

What is the speaker's opinion on Modern Monetary Theory (MMT)?

How does the speaker believe inflation will trend in the near future?

What role does the labor market play in the inflation outlook according to the speaker?