Kocherlakota: Fed Lack Right Tools

The video discusses the credibility of the Federal Reserve and its impact on market perceptions, especially in maintaining inflation targets. It covers recent central bank meetings, economic projections, and the long-term outlook for economic recovery. The role of technological progress in enhancing productivity is highlighted, alongside an assessment of current economic performance and market trends.

What was Alan Greenspan's response when asked about the Fed's predictions on future rate hikes?

Discuss the implications of the Fed's long-term goals versus the market's short-term expectations.