Morning Meeting: June or July for the Fed?

The transcript discusses the Federal Reserve's considerations for potential rate hikes, focusing on the timing between July and September. It highlights the Fed's independence during election years and the impact of economic indicators like labor market conditions. The Fed is in a tactical hold, awaiting outcomes from the UK referendum and global economic data, while still considering two rate hikes this year.

What are the potential risks mentioned regarding the Federal Reserve's actions before the election?

What does the speaker suggest about the Fed's approach to rate hikes in the current economic climate?