How Will the Recent U.S. Economic Data Impact Fed Policy?

The video discusses the outcomes of the recent FOMC meeting, highlighting that 14 out of 17 members support a rate hike this year, with December being a likely time for this action. It analyzes recent economic data, indicating steady growth at a 2% annual rate, aligning with the Fed's forecast. The discussion also covers the impact of low productivity on rate decisions, suggesting a slow approach to rate hikes. Finally, it addresses political perceptions of the Fed, emphasizing its neutrality despite external allegations.

Discuss the perception of the Fed acting politically as mentioned in the text.

What factors contribute to the perception that the Fed's rationale for its decisions is unclear?