Fed’s Kaplan on Business Imbalances, Tapering, Fed Funds Rate

The transcript discusses the ongoing inflationary pressures and supply chain disruptions, particularly in semiconductors, due to COVID-19. It highlights labor market imbalances with increased retirements and caregiving responsibilities. The Dallas Fed's inflation forecast is discussed, predicting persistent price pressures. The Federal Reserve's approach to asset purchases and interest rates is debated, with a focus on housing market impacts on rent inflation. The role of the Fed chair in fostering debate and consensus is also examined.

What are the anticipated effects of the asset purchases adjustment process on the Fed funds rate?

How do rising home prices affect rent inflation according to the research discussed?

What is the role of the Federal Reserve chair in terms of policy debate and consensus?