Plosser to Trump: Respect the Fed's Independence

The video discusses the Federal Reserve's challenges in managing interest rates amid economic uncertainties. It covers topics like asset bubbles, inflation risks, and the impact of economic stimulus. The Fed's forecasting difficulties and the potential for rate hikes are also explored, emphasizing the importance of maintaining the Fed's independence.

What are the implications of the Fed's low interest rates for the financial system?

What factors might influence the Federal Reserve's decision to raise interest rates?

How does the speaker perceive the relationship between the Fed's actions and asset bubbles?

What challenges does the Fed face in managing inflation according to the discussion?

In what ways does the speaker suggest that the Fed's forecasts may be flawed?

How does the speaker view the potential for economic growth in relation to interest rate hikes?

What advice does the speaker give regarding the independence of the Federal Reserve?