Federal Reserve Rates Seen at 4.5%-5% Range in Much of 2023: Kroszner

The transcript discusses the Federal Reserve's approach to controlling inflation by potentially increasing interest rates, even at the risk of a recession. It highlights the Fed's consistent messaging and market reactions, as well as the challenges posed by core inflation, particularly in shelter services. The discussion also covers the potential for a recession, influenced by global factors like geopolitical tensions, and the political implications of upcoming Fed meetings.

What is Jay Powell's stance on achieving a soft landing for the economy?

What are the projected employment rates mentioned in the text, and why are they considered too optimistic?

How does core inflation, particularly related to shelter services, impact the Federal Reserve's decisions?

What was the reaction of the markets to Chair Powell's consistent messaging?

What are the implications of a potential recession as discussed in the text?

What factors could lead to a higher unemployment rate according to the discussion?

How does the Federal Reserve plan to manage interest rates in relation to inflation and recession risks?