Fed Needs to 'Expend All of Its Firepower,' JPMorgan's Feroli Says

The transcript discusses the Federal Reserve's potential rate cuts and their implications for the economy. It explores the strategy of using all available measures when close to the zero lower bound, the market's reaction to Fed actions, and the reversibility of such measures. The discussion also highlights the Fed's role in economic support and the limitations it faces, emphasizing the need for coordinated actions by other government actors.

What are the potential implications of the Fed cutting rates to below 1%?

How does the proximity to the zero lower bound influence the Fed's decision-making?

In what ways can the Fed's actions be reversed if the economic outlook changes?

What concerns might arise from the Fed's actions in an election year?

What role do other government actors play in conjunction with the Fed's monetary policy?