Fed Is Getting Off the 75 Bps 'Hamster Wheel': Minerd

The transcript discusses the Federal Reserve's strategic shift away from frequent rate changes to focusing on achieving a terminal rate that will help reduce inflation. This approach aims to remove the constant debate over the pace of rate changes and instead concentrate on long-term goals.

In what way does the speaker believe inflation should be addressed?

What is the 'terminal rate' that the speaker refers to?