JPMorgan's Michele: Fed Not Sure What to Look at

The transcript discusses the confusion in the market regarding employment status and interest rates. It highlights the lack of growth and inflation pressure, suggesting a slow path to rate normalization. International events like Brexit and China's economic data are considered, but their impact on the US economy is questioned. The role of central banks in market volatility and the Federal Reserve's cautious approach to rate hikes are examined, emphasizing the need for patience until inflationary pressures increase.

Discuss the implications of international events on the US economy as mentioned in the text.

What is the speaker's view on the central banks' approach to market volatility?