Federal Reserve: What Can We Expect to Hear Tomorrow?

The transcript discusses the formality and preparation involved in FOMC meetings, highlighting Janet Yellen's meticulous approach. It covers expectations for changes in forward guidance, inflation targets, and economic indicators. The discussion also delves into labor market slack and its impact on Fed policy, as well as the Fed's strategy to manage market volatility and avoid a taper tantrum.

What is the significance of preparation before meetings according to the text?

How did Janet Yellen's study habits influence her approach to meetings?

What are the two main concerns regarding inflation mentioned in the text?

What does the term 'slack' refer to in the context of the labor force as discussed in the text?

What challenges does Janet Yellen face in communicating the Fed's policy changes?