Heres Why the Fed Is Feeling Good About the Economy

The transcript discusses the Federal Reserve's confidence in the economic recovery and its plans to normalize interest rates. It explores the implications of the zero bound on interest rates and the consensus on future rate hikes. The conversation also covers inflation targets, deflation risks, and the impact of financial policies on savers and retirees. Additionally, it compares global monetary policies, including those of the ECB and the Bank of Japan, and their potential effects on the economy.

What signals does the Fed look for to normalize the Fed funds rate?

What is the consensus view on when the Fed might raise interest rates?

Discuss the implications of a 2% inflation target set by central banks.

What factors could lead to inflation above 2% in the future?

How do energy prices affect growth and deflation in the United States?