Fed's Lacker Expects Inflation Close to 2% in 2017

The transcript discusses inflation expectations, focusing on the Cleveland CPI and its implications for the Federal Reserve's interest rate strategy. Key figures like Jeff Lacker and Janet Yellen are mentioned, highlighting their views on inflation risks and economic forecasts. The Fed's cautious approach to interest rate hikes is examined, considering data dependency and financial conditions. The discussion emphasizes the importance of understanding economic cycles and the Fed's gradual strategy to avoid unintended consequences.

Why might the Federal Reserve not be able to implement four rate hikes this year?

What concerns does Janet Yellen have regarding the current economic conditions?

What are the implications of financial conditions on the broader economy?