JPMorgan's Willcox Expects to See 'Nothing' From Fed

The transcript discusses the Federal Reserve's cautious approach to monetary policy, highlighting their concerns about growth threats and inflation. It contrasts two schools of thought within the Fed: traditionalists who focus on normalization and modern thinkers who advocate for lower real interest rates and quantitative easing. The discussion emphasizes the importance of understanding these perspectives in the context of current economic conditions.

Why is an inverted yield curve considered a mental recession?

What role does quantitative easing play as a monetary tool according to the second school of thought?