WilmotML Says Powell Most Likely of Fed Candidates

The transcript discusses the potential candidates for the Federal Reserve Chair and their implications for the markets. It highlights the uncertainty surrounding the decision and the characteristics of candidates like Jerome Powell and Janet Yellen. The discussion also covers economic indicators such as unemployment and inflation, and how these factors might influence future Fed policies. The possibility of temporary price level targeting is mentioned as a response to undershooting inflation targets.

What are the potential implications for markets if the Fed Chair is dovish on rates?

How does the uncertainty surrounding the Fed Chair candidates affect market expectations?

Discuss the significance of wage and price inflation in the context of the Fed's current policies.

What factors might influence the decision-making of the new Fed Chair regarding interest rates?

What are the potential consequences of undershooting inflation for an extended period?