University of Michigan's Stevenson on Fed Policy

The video discusses the Federal Reserve's anticipated rate hike and the market's expectations. It explores the hawkish and dovish perspectives within the Fed, debating whether to adjust the inflation target from 2% to 3%. The discussion includes global risks, the Fed's data-driven approach, and core inflation trends, emphasizing the importance of data in shaping future monetary policy decisions.

What are the risks associated with rising prices in the service sector?

In what ways might labor strikes affect the Fed's economic outlook?

How does the Fed balance full employment with its inflation targets?