Mester: More Fiscal Action Won’t Justify Fed Pull-Back

The video discusses the economic challenges faced by the Federal Reserve in 2020 due to the pandemic and the outlook for 2021, including the impact of the Democratic Senate majority on economic stimulus. It covers the Fed's monetary policy, inflation expectations, and the potential risks of financial instability and stock market bubbles. The video also touches on the rise of cryptocurrencies and the Fed's exploration of digital currencies.

What is the Fed's stance on inflation and its expected trajectory?

What concerns are raised about the stock market and potential asset bubbles?

How does the Fed plan to address potential financial stability risks?

What are the implications of digital currencies for the financial system according to the text?