Are Markets Wrong to Price Out 2019 Fed Rate Hikes?

The transcript discusses the Federal Reserve's potential rate hikes amidst solid U.S. data points. Experts debate whether the market is prematurely pricing out further hikes, considering inflation and financial conditions. The panel agrees that the Fed may still pursue hikes to manage inflation, despite current market pricing. Economic conditions, including employment and financial tightening, are analyzed to predict future Fed actions.

What is the significance of the statement regarding the Fed having 'two masters to serve'?

Discuss the potential risks to economic expansion mentioned in the text.