Former Fed President Broaddus on Yellen's Speech

The video discusses the Federal Reserve's approach to monetary policy amid low interest rates and inflation. It covers short-term economic outlooks, potential rate hikes, and the importance of upcoming labor market reports. The discussion extends to inflation targets, the Fed's credibility, and the challenges of achieving a 2% inflation rate. Insights into FOMC decision-making and the implications of a lower neutral rate are provided. The video concludes with concerns about inflation expectations and potential policy responses to ensure economic stability.

What challenges does the Fed face in achieving its inflation target?

What does the term 'neutral rate' refer to in the context of monetary policy?

How has inflation expectation changed since the financial crisis of 2009?