BofAML's Morriss Says Fed Working on Faith With Inflation

The video discusses the ongoing struggle between growth and inflation, highlighting the Fed's cautious approach to rate hikes and balance sheet management. It examines the implications of a flatter Phillips curve and the potential for a steeper yield curve as the Fed continues its rate hikes. The discussion also covers the global impact of central bank actions, particularly the ECB and Bank of Japan, and their influence on term premiums and yield curves.

What does the speaker imply about the current state of inflation and growth?

How does the speaker describe the Fed's current approach to managing rates and inflation forecasts?

What are the implications of a flatter Phillips curve according to the discussion?

What factors are mentioned that could influence the yield curve in the coming year?

What potential changes in the Bank of Japan's policies are discussed?