Fed Minutes Show Division Over Path of Rate Hikes

The transcript discusses the Federal Reserve's considerations for rate increases, highlighting divisions within the Federal Open Market Committee (FOMC) regarding inflation and economic outlook. It covers confidence in the labor market, differing views on wage trends, and concerns about financial imbalances. Additionally, it explores discussions on alternative economic frameworks, such as price level targeting, as the Fed navigates zero lower bound policies.

What alternative frameworks are being discussed by the committee?

What is President John Williams advocating for in terms of inflation targeting?