Komileva: Yellen Hawkish as Could Be Without a Jolt

The video discusses the evolution of monetary policy since the 2007 global crisis, emphasizing the shift towards a more accommodative stance. Chair Yellen's approach is analyzed, highlighting her balance between hawkish and dovish policies without disrupting financial conditions. The discussion covers economic indicators like unemployment and the Fed's data-dependent guidance, focusing on the concept of 'R star'. The impact of inflation on real interest rates and the Fed's policy decisions is also explored, considering global economic influences.

What did Chair Yellen explain about the monetary policy environment following the 2007 global crisis?

What are the implications of the low inflation environment in the US and China on global monetary policy?

How does the current unemployment rate in the US relate to the Fed's monetary policy decisions?

Discuss the challenges the Fed faces in controlling real interest rates.

What factors contribute to the divergence in economic cycles between the US and the rest of the world?