Dudley: Risk of a Hard Landing has Gone Up

The transcript discusses the Federal Reserve's response to increased uncertainty in the banking system, highlighting the potential impact on the economy and the Fed's rate hike strategy. It explores the market's reaction to the Fed's decisions, the credibility of the Fed, and the uncertainty surrounding future economic outcomes. The discussion also touches on the Fed's data dependency and the challenges in predicting economic growth and inflation trends.

In what ways does the speaker believe the current economic situation differs from previous instances of market turbulence?

How does the speaker assess the potential for a recession in light of the current banking issues?

What implications does the speaker draw from the Fed's recent economic projections?