What Will Janet Yellen Say Tomorrow in Jackson Hole?

The video discusses the market's predictions on Fed rate hikes, focusing on potential changes in December. Esther George advocates for interest rate normalization, but her views differ from the more dovish FOMC members. The discussion covers the relationship between unemployment and inflation, highlighting the lag in inflation response. Inflation expectations are explored, with suggestions to adjust the inflation target. The impact of rate hikes on inflation is debated, emphasizing wage growth as a key driver.

What is the expected timeline for the Federal Reserve to raise interest rates according to the discussion?

What is Esther George's stance on the normalization of interest rates?

How does the unemployment rate relate to inflation according to the conversation?

What factors are influencing the current inflation expectations as discussed?

What does the discussion suggest about the relationship between wage growth and inflation?