How Important Is Jobs Data To the Fed Now?

The transcript discusses Janet Yellen's perspective on economic risks, including Brexit, and the Fed's employment targets. It highlights the importance of inflation data and the potential impact of oil prices. The discussion covers the Fed's June meeting, global risks, and the divided opinions within the FOMC. Market reactions to potential rate increases are analyzed, with a focus on the likelihood of a rate hike. The transcript concludes with a discussion on Brexit and the global economic slowdown, emphasizing the Fed's cautious approach.

What does the speaker suggest about the Federal Reserve's approach to rate increases?

What is the significance of Brexit in the context of the economic discussion?