Crescenzi: Fed Map to Rate Hike Has Borne Out

The video discusses the Federal Reserve's approach to interest rate hikes, comparing it to using a paper map versus GPS. It highlights the lack of clear guidance from the Fed and the influence of global factors like China's currency devaluation. The discussion shifts to the importance of fiscal policy and investment in driving productivity and growth, emphasizing the need for more capital investment to enhance productivity.

How does the comparison between GPS and paper road maps relate to the Fed's approach to economic guidance?

What factors contributed to the Fed's decision not to hike rates despite previous indications?

What are the implications of the Fed's decision to move the goal posts regarding rate hikes?

In what ways has China influenced the Fed's monetary policy decisions?

What are the three sources of productivity mentioned, and why are they important for economic growth?