The Fed's Unhealthy Relationship With Markets

The video discusses the Federal Reserve's focus on global markets and its impact on its long-term objectives. It highlights the Fed's preoccupation with forward guidance and the need to address interest rate levels. The discussion includes a question posed by Jim Bullard about the appropriate level of interest rates, emphasizing that current rates are inconsistent with moderate economic growth and inflation.

What is the speaker's view on negative real rates of interest?

How does the speaker relate the federal funds rate to inflation and economic growth?