Dudley Says Stock Selloff Is 'Small Potatoes'

The transcript discusses the current market adjustments due to the global economy's rapid growth, leading to changes in monetary policies worldwide. It highlights the impact of rising bond yields on the equity market and the minimal implications for the economic outlook unless prolonged. Historical events like Brexit and the Chinese stock market sell-off are reviewed to illustrate how market volatility can influence the Fed's decisions. The transcript concludes by differentiating current market conditions from past events, emphasizing the global economy's stability.

In what ways did the events of 2015 impact the Federal Reserve's decisions?

What distinguishes the current global economic situation from the one in early 2016?