Reinhart: Why the Fed Still Has Credibility

The transcript discusses the Federal Reserve's internal dynamics, focusing on Janet Yellen's leadership amidst market dovishness. It examines the Fed's credibility, particularly in light of inflation expectations and external risks like Brexit. The challenges of communicating slow policy changes and keeping FOMC meetings engaging are highlighted. The impact of international uncertainties and the US election on monetary policy decisions is also considered.

What challenges does the Fed face in communicating its monetary policy decisions?

What is the significance of the US election in relation to the Fed's monetary policy?