Fed Ultimately Can’t Stay Out of Trump's Trade War: Economist Luzzetti

The video discusses the Federal Reserve's challenges in navigating the implications of Trump's trade war. It highlights the Fed's dual mandate of full employment and 2% inflation, and how the trade war complicates these goals. The discussion includes the potential for the Fed to cut rates and the global pressures affecting the US economy. The video also touches on operational concerns at the New York Fed and the broader economic impact of the trade war.

What are the implications of the trade war for the Federal Reserve's dual mandate?

How does the Federal Reserve's rate-cutting affect risk assets and the President's actions?

What might be the consequences if the President 'screws this up' according to the discussion?

What was the key message from Jackson Hole regarding the U.S. economy?

What concerns does the Federal Reserve have regarding global pressures?