Fed's Bullard Sees Rates 'At or Very Close to Neutral Right Now'

The transcript discusses the Federal Reserve's anticipated actions regarding interest rates, focusing on the chairman's speech and market expectations. It highlights the market's high probability of a rate change in September and the sentiment among committee members. The conversation also touches on the potential removal of forward guidance from the statement and debates whether current rates are accommodative or neutral.

What does the speaker imply about the Open Market Committee's current stance?

What does the speaker suggest about the forward guidance in September?