Why the Fed Is Keeping Rates So Low

The transcript discusses inflation expectations, consumer spending trends, and the historical context of inflation rates. It highlights the role of the Federal Reserve's monetary policy in managing economic risks and the labor market's current state. The conversation also touches on the potential impact of interest rate changes on the economy, considering global economic factors.

What challenges does the Fed face in terms of monetary policy according to the discussion?

How does the text describe the impact of fiscal policy on those in need during economic changes?