Fed's Harker on Inflation, Rate Policy and Balance Sheet

The transcript discusses the Federal Reserve's approach to managing inflation, emphasizing the need to maintain pressure on the economy to achieve a 2% inflation target. It covers economic indicators, labor market trends, and the potential need for rate adjustments. The discussion also touches on future economic expectations, balance sheet reduction, and the impact on the mortgage market.

What does the speaker suggest about the future of inflation and interest rates?

What anecdotal evidence does the speaker provide regarding economic conditions?

What does the speaker indicate about the balance sheet reduction process?

What concerns does the speaker express regarding the mortgage market?