Federal Reserve Key Words: Patient or Considerable?

The transcript discusses the Federal Reserve's potential changes in policy language, focusing on how Janet Yellen might navigate economic improvements and inflation concerns. It highlights the importance of choosing words that signal future interest rate hikes without alarming markets. The discussion also touches on global issues like Russia's economy and oil prices, which could influence the Fed's decisions. The conversation concludes with a summary of the challenges faced by the Fed in balancing these factors.

How might Janet Yellen's attendance at a hockey game influence her decision-making during the Federal Reserve meeting?

What are the expectations regarding the Federal Reserve's acknowledgment of the US economy's improvement?

What historical context is provided regarding the Greenspan Fed's decision-making process?

What factors are influencing the Federal Reserve's decision to potentially keep interest rates low?

In what ways could the drop in oil prices be seen as beneficial for US consumers?