Morgan Stanley's Zentner Says Fed Will Hike in September

The transcript discusses the Federal Reserve's approach to rate hikes, focusing on the timing and number expected for the year. It highlights the uncertainty in fiscal policy and its impact on monetary forecasts. Fed Chair Yellen's testimony is analyzed, showing a cautious yet optimistic stance on economic outlook and inflation. The discussion also touches on the leadership dynamics within the Fed and potential influences from the Trump administration on future policies.

What was the takeaway from Fed chair Yellen's testimony to Congress?

What concerns are raised about the timing of rate hikes in relation to economic conditions?