Jackson Hole Roundup

The transcript discusses the Jackson Hole meeting, focusing on market expectations ahead of Janet Yellen's speech. It highlights the binary nature of the event due to a lack of communication from the Fed. The transcript also covers internal debates within the Fed, particularly the divide between doves and hawks, and the challenges of building consensus. Jim Bullard's perspective on a new monetary regime is also discussed, emphasizing the ongoing public debate and confusion in the market.

What challenges does Yellen face in building consensus within the Fed?

What stance has Jim Bullard taken regarding the terminal rate?