John Taylor on Fed's Hawkish Pause

The transcript discusses the Federal Reserve's monetary policy, focusing on interest rate projections, the application of the Taylor rule, and the impact of inflation. It highlights the challenges faced by the Fed in achieving a 2% inflation target and the global economic implications. The discussion also covers the influence of wage gains on inflation and the internal dynamics of the FOMC in decision-making processes.

What strategies should the Fed consider to address the current inflation challenges?

What are the implications of the Fed's inflation forecasts on market expectations?

How does the discussion reflect on the balance between hawks and doves within the FOMC?