Fed Grapples With Uncertainty About Inflation

The transcript discusses the Federal Reserve's challenges in addressing inflation, highlighting debates on whether inflation is structural or cyclical. It examines the Phillips Curve's relevance in forecasting inflation and considers factors like global developments and technological advances that may affect inflation. The Fed's uncertainty about inflation outlook and the potential need for policy adjustments are also explored.

What challenges is the Fed facing regarding inflation?

How does the Fed's approach to inflation differ from past strategies?

What does the discussion suggest about the relationship between inflation and unemployment?

What evidence was cited regarding the usefulness of the Phillips Curve in forecasting inflation?

What factors were mentioned that could influence the inflation outlook?