Fed's Inflation Divergence: Oil Falls While Prices Rise

The transcript discusses the Federal Reserve's potential actions regarding interest rate hikes, emphasizing the importance of broad inflation measures. It critiques the reliability of inflation expectations and highlights the Fed's focus on the dollar's strength and other central bank policies. The Fed's internal divisions are noted, with different members prioritizing various economic indicators. The speaker recommends continued rate hikes and policy normalization.

What is the speaker's opinion on the current state of the Federal Reserve's policy?

According to the speaker, why might inflation expectations not be a concern for the Federal Reserve?