Fed Will Focus More on Economic Data: Wright

The video discusses the Yellen Fed's approach to monetary policy, emphasizing a shift towards traditional methods with a focus on communication and economic data. It explores the Fed's strategy for raising rates, highlighting the marginalization of the 'considerable time' language in favor of data dependency. The Fed's cautious stance on international issues and inflation is also covered, noting their focus on energy prices and market expectations. The overall strategy aims for consensus within the FOMC, minimizing market reactions.

What factors did the Fed mention regarding the international outlook?

What is the Fed's current outlook on inflation and its contributing factors?