The Fed Can Lower Rates, Says Tilley

The transcript discusses the Federal Reserve's independence and its critical role in maintaining economic stability. It highlights the challenges the Fed faces in balancing political pressures, such as desires for lower interest rates, with its mandate to respond to economic conditions. The Fed's response to trade tensions and their impact on the economy is examined, emphasizing the importance of monitoring and mitigating risks to ensure long-term economic health.

In what ways do long-term interest rates influence the Federal Reserve's actions?

What role does the Federal Reserve play in relation to the economy and inflation?