Columbia University's Mosser on the Fed Outlook

The transcript covers Jerome Powell's press conference discussing the potential start of tapering as early as November, with a possible end by mid-next year. It highlights the Fed's slightly hawkish stance, concerns over economic slowdown due to COVID, and the impact of supply chain disruptions on inflation. The discussion also touches on global financial risks, particularly related to Chinese markets, and the Fed's approach to managing inflation and interest rates.

What concerns were raised about the supply chain disruptions?

How does Powell view the potential for inflation to exceed the Fed's target?

What does Powell suggest about the global confidence channels and their risks?