Nielsen: Fed Unsure It's U.S. or World Central Bank

The transcript discusses the complexities of the Federal Reserve's decision-making process regarding interest rates. It highlights the risks of raising rates, the influence of external factors like China and Brexit, and the divergence between market expectations and the Fed's outlook. The role of Jackson Hole as a potential signaling device is also explored, with a focus on Janet Yellen's approach compared to Ben Bernanke's.

What are the risks associated with raising interest rates according to the speaker?

How does the speaker describe the current outlook for the economy?

What factors are influencing the Federal Reserve's decision-making process?

What is the significance of the relationship between the U.S. and China in the context of the Fed's policies?

How does the speaker perceive the credibility issues faced by the Federal Reserve?