RBC's Jonathan Golub Says the Fed Needs to Get on With It

The transcript discusses the Federal Reserve's potential interest rate hikes and their implications. It highlights the market's skepticism due to the Fed's past actions and the need for the Fed to act to control inflation and a tight labor market. The conversation covers historical Fed policies, market reactions, and the potential impact on savers and the economy. The discussion emphasizes the importance of aligning interest rates with economic conditions to boost confidence and productivity.

What are the implications of the Fed's lack of willingness to adjust short-term interest rates?

How does the current labor market condition affect the Fed's decision-making process regarding interest rates?

What concerns are raised about delaying interest rate hikes?

What historical context is provided regarding the relationship between nominal economy and interest rates?

In what ways could the normalization of interest rate policy impact consumer confidence and spending?