Fed Leaves Rates Unchanged as Officials See Mixed Outlook

The video discusses the Federal Reserve's shift in monetary policy from December to the present, highlighting changes in interest rate expectations and the Fed's use of the term 'gradual' for rate increases. It examines the Fed's credibility and the uncertainty surrounding future rate hikes, emphasizing the dramatic change in the Fed's stance over a six-month period.

What changes in the Federal Reserve's stance have been observed from December to the present?

How did the number of FOMC voting members who anticipated rates at 1% or above change from December to now?

What does the term 'gradual' refer to in the context of the Federal Reserve's rate increases?

What concerns does the Federal Reserve have regarding its credibility?

How has the Fed's language regarding normalization changed over time?