Fed Likely to Raise to '4% or so Area,' Former Governor Kroszner Says

The transcript discusses Jay Powell's speech and its impact on financial markets, highlighting the Fed's strategy on rate hikes and the risks of over-tightening. It explores potential recession risks, future rate projections, and the role of quantitative tightening in monetary policy. The discussion includes insights from Fed officials and external factors influencing economic decisions.

How did the markets initially react to Jay Powell's speech?

What was the main message conveyed by Jay Powell during his speech?

What is the potential risk of over-tightening monetary policy according to the discussion?

What does Milton Friedman suggest about the impact of monetary policy?

What concerns did Senator Elizabeth Warren express regarding the Fed's actions?

What factors could influence the depth of a potential recession?

How does the Fed plan to approach interest rates in the coming months?