UBS Economist Carpenter Says Fed Still Accommodative, Inflation Not a Concern

The transcript discusses the US economy's strength, the Federal Reserve's data dependency, and the mixed signals from a recent press conference. It explores the impact of inflation and trade on economic policy, speculates on future Fed actions, and examines the potential effects of the trade war. The discussion also covers market reactions to Fed policies and inflation expectations, highlighting the complexities of economic forecasting and policy-making.

In what ways might the Fed's approach differ now compared to when Chair Yellen was in charge?

What does the discussion suggest about the potential for a mistake by the Fed?

What factors could lead the Fed to adjust its forecast for inflation?