Fed's Daly on Rate Hikes, Inflation, Policy Coordination

The transcript discusses the Federal Reserve's approach to managing inflation through interest rate adjustments. It highlights the importance of data dependence in policy-making, the role of supply and demand in inflation, and the impact of financial markets. The discussion also covers global economic coordination challenges and the effects of inflation on the labor market. The goal is to achieve price stability while considering the broader economic implications.

What role does data dependence play in the Federal Reserve's decision-making process?

What are the implications of the Federal Reserve's actions on global economies?

What is the current state of the labor market as described in the text?

What are the expected outcomes of the upcoming Consumer Price Index report?