Fed's Kaplan Says U.S. Is `Long Way' From Yield-Curve Inversion

The transcript covers discussions on market volatility, wage data, and the Federal Reserve's approach to interest rates. It highlights the importance of gradual economic adjustments to avoid recession and examines the impact of government debt and trade relationships. The challenges of economic normalization and the effects of tax reform are also explored.

How does the speaker assess the impact of tax reform on the economy?

What concerns does the speaker express regarding the potential for a recession?

What observations does the speaker make about credit spreads and their significance?

What does the speaker mean by the term 'normalization' in the context of monetary policy?