Fed Signals 2016 Rate Hike Still Likely

The transcript discusses the timing of a Fed meeting close to an election, analyzing economic indicators like unemployment and inflation. It explores Yellen's stance, which appears cautious despite hawkish signals, and the market's interpretation of these signals. The Bank of Japan's shift in monetary policy to target long-term interest rates is also examined, referencing Bernanke's past suggestions and the potential implications for the yield curve.

What concerns does the speaker express regarding inflation and the labor market?

What new approach is the Bank of Japan considering in its monetary policy?