How Will Probability for Fed Hike Look After Today?

The transcript discusses Janet Yellen's potential comments on the economy, labor market, and inflation, and how these might influence market expectations and the timing of rate hikes. It explores the Federal Reserve's strategy to address market complacency post-Brexit and the impact of providing a timeframe on monetary policy. The discussion also touches on the public academic debate around alternative policy frameworks and the sufficiency of existing Fed tools.

What was the significance of the comments made by Janet Yellen in May?

How do the speakers view the impact of Brexit on the Federal Reserve's policies?