Fed's Mester on Inflation, Monetary Policy and Gov't Shutdown

The transcript discusses the Federal Reserve's perspective on inflation, market reactions, and economic forecasts. It covers the Fed's approach to monetary policy, emphasizing data dependency and the balance between inflation and employment goals. The impact of trade policy on business investment and the Fed's balance sheet runoff are also explored, along with the influence of political factors on the Fed's decisions.

How does the speaker assess the current state of monetary policy?

What are the dual mandate goals mentioned by the speaker?

What does the speaker say about the balance sheet runoff and its effect on liquidity?

What feedback does the speaker receive from the public regarding the Fed's policies?