Mnuchin Says Fed Waited Too Long to Control Inflation

The transcript discusses the Federal Reserve's role in managing the economy, emphasizing the importance of not shocking the economy with sudden policy changes. It highlights the need for a political solution to ongoing conflicts and examines market confidence in Chairman Powell's leadership. The discussion also covers the Federal Reserve's interest rate strategies and the perception of its credibility, noting that while the Fed may have delayed action, it is now taking significant steps to manage inflation and interest rates.

How does the speaker assess the Federal Reserve's credibility regarding inflation?

What is the speaker's perspective on the Federal Reserve's interest rate decisions?