Cumberland's Eisenbeis on Fed's Jobless Rate Forecast

The transcript discusses the unrealistic jobless rate forecast for 2018, highlighting skepticism from economists like Ian Sheperdson. It explores the dynamics of supply and demand in the job market and the potential dislocations affecting unemployment rates. The role of the Federal Reserve in maintaining interest rates and its impact on jobless rates is examined. The discussion concludes with concerns about the sustainability of low unemployment rates and the risk of inflation.

According to the discussion, what is considered the natural rate of unemployment?

What caution did the speaker express regarding the jobless rate forecast?