Fed Doing 'Bare Minimum' With Three 50Bps Hikes: BofA's Harris

The transcript discusses the Federal Reserve's acknowledgment of being behind the curve in monetary policy and the necessity of rate hikes to reach a neutral funds rate. It explores the potential for future rate decisions, including pauses and reassessments, and the challenges of reducing inflation to 2%. The discussion suggests that the neutral rate should be at least 3% and anticipates further rate hikes in the future.

What does the speaker suggest about the Federal Reserve's current position regarding interest rates?

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How does the speaker view the possibility of achieving a neutral funds rate of 2%?

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What are the implications of inflation being close to three percent next year according to the speaker?

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What does the speaker predict will happen if the Federal Reserve pauses in the fall?

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In the speaker's opinion, what is the likely trajectory of interest rates in the near future?

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