The Fed's No-Win Situation on Interest Rates

The transcript discusses the Federal Reserve's challenges in managing interest rates and maintaining credibility. It highlights the market's reactions to the Fed's decisions and the communication issues faced by the Fed. The discussion also covers the Fed's data dependency and the impact of international events on its policies. The transcript concludes with speculation on future rate hikes and the market's readiness for such changes.

What are the concerns regarding the central bank's current situation?

How has the Fed's communication policy been perceived in relation to its rate decisions?

What factors have been mentioned that could derail the Fed's promises to raise rates?

How do external events like Brexit and China's economy impact the Fed's decision-making process?

What is the significance of the market's expectations regarding the Fed's rate movements?