Jefferies' McCarthy: Fed Sees No Urgency to Raising Rates

The transcript discusses the Federal Reserve's current stance on interest rate hikes, highlighting their cautious approach due to economic uncertainties like Brexit. It mentions the Fed's desire to reassess its monetary policy framework and the market's adaptation to the Fed's behavior. The discussion also covers the Fed's confidence in its models and the mixed messages from different Fed officials, leading to market uncertainty about future rate hikes.

What does the recent Fed meeting suggest about their urgency to raise rates?

How does President John Williams view the current job market and its impact on inflation?

What does the term 'new normal' refer to in the context of job gains according to President Williams?

What challenges does the Fed face in balancing optimism and caution regarding the economy?

How has the market's perception of the Fed's rate hike intentions changed over the past year?