Fed's Barkin Wants Inflation in 'Moderate Range Around 2%'

The transcript discusses monetary policy aimed at achieving inflation slightly above 2%, with Tom Barkin supporting a range around this target. It highlights a potential disconnect between Wall Street's perception and the Federal Reserve's guidance, emphasizing the importance of credit demand and legislative action. The conversation shifts to forward guidance and the economic outlook, noting the potential for inflation overshoots. Concerns about financial stability, particularly in equity markets, are addressed, with a focus on leverage levels rather than market movements.

What is the speaker's perspective on the impact of lower interest rates over an extended period?

What factors does the speaker monitor to assess economic health?