Fed's Bullard on Inflation and Balance Sheet Unwind

The video discusses the current state of the economy, focusing on monetary policy, inflation, and interest rates. It highlights the Fed's cautious approach to rate hikes due to low inflation and economic growth. The discussion also covers the balance sheet reduction strategy and the importance of policy space. The future of monetary policy and the qualities needed for Fed leadership are also explored.

What is the speaker's opinion on the balance sheet reduction by the Federal Reserve?

What does the speaker imply about the future of monetary policy?

What considerations does the speaker suggest for selecting a new Fed chair?

How does the speaker view the effectiveness of forward guidance in monetary policy?