Fed Expectations: Dec. Rate Hike, High-Pressure Economy

The transcript discusses economic projections, focusing on Janet Yellen's high-pressure economy concept. It examines market expectations versus Federal Reserve policies, highlighting the alignment of market and Fed projections. The conversation also delves into inflation rates and the neutral rate, exploring how these factors influence economic growth and interest rates.

What is the significance of inflation levels in determining whether the economy is running too hot?

In what ways could structural reforms impact economic growth and the neutral rate?