The Complexities of the Federal Reserve's Neutral Rate

The video discusses the concept of the neutral rate, a theoretical federal funds rate where monetary policy is neither accommodative nor restrictive. It highlights the challenges in identifying this rate and its implications on credit and equity markets. Experts Craig Bishop, Jonathan Golub, and Lisa Abramowitz provide insights, with Robert Kaplan's definition of the neutral rate being a focal point. The discussion also covers economic growth, inflation, and the Federal Reserve's role in managing these factors.

According to the text, what factors are influencing people's expectations for US growth?

What challenges does the Federal Reserve face in managing monetary policy as described in the text?