What Will We Hear From Fed's Yellen on Friday?

The transcript discusses the Federal Reserve's future monetary policy, focusing on potential rate hikes and how the Fed plans to operate in a lower neutral rate environment. It highlights market skepticism about the Fed's credibility and the impact of employment numbers on future decisions. The discussion also covers the possibility of shifting focus from employment to inflation targets, questioning the credibility of raising inflation targets and its impact on businesses and consumers.

In what ways does the text suggest that the Fed is coordinating its messaging?

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What factors might influence the Fed's decision-making process regarding inflation targets?

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