Three Problems Facing the Fed

The transcript discusses the challenges faced by the Federal Reserve, including inflation risks, credibility issues, and the potential impact of inflation expectations on interest rates. It highlights the importance of Jay Powell's press conference in addressing these concerns, as well as the conflicts of interest among Fed members. The discussion also covers the topic of tapering and its implications for future interest rate hikes.

What challenges does the Federal Reserve face regarding conflicts of interest among its members?

How does the concept of tapering relate to the Federal Reserve's monetary policy?