de Longis: Can't Square Fed's Dot Plot With Policy

The video discusses the dots chart and its role in Fed communication, highlighting the need for adjustments in monetary policy. It critiques the dot plot's relevance in current economic conditions and explores the implications of dissent within the Fed on its credibility. The discussion emphasizes the importance of alignment within the FOMC to reduce communication issues.

What does the speaker suggest about the adjustment of monetary policy in the near future?

In what context does the speaker mention the need for the Fed to be more aligned?