High Frequency's O'Sullivan on Fed Balance Sheet Plan

The video discusses the Federal Reserve's plans to activate a balance sheet normalization plan, likely in September. It covers expectations around inflation, noting that the market is skeptical of the Fed's view that inflation is transitory. The discussion also touches on unemployment's role in inflation dynamics, suggesting that falling unemployment could lead to upward pressure on inflation. The Fed's current statement on inflation is expected to remain unchanged, with a focus on monitoring developments closely.

What is the speaker's view on the current growth in employment and its implications?

What does the speaker believe about the Fed's stance on inflation in their upcoming statement?