Fed's Lockhart: I Can See Two Rate Hikes This Year

The video discusses the current economic haze and uncertainty in monetary policy, focusing on mixed data, labor market slowdown, and inflation challenges. It explores potential rate hikes and emphasizes a cautious approach. The discussion includes rethinking monetary policy assumptions and the role of models in decision-making, addressing concerns about forecast credibility.

What does the speaker suggest about the Fed's approach to monetary policy?

What is the significance of the dot plots mentioned in the text?