Blinder Worries 6% Fed Funds Rate May Be 'Overdoing It'

The video discusses the challenges in interpreting data post-pandemic, highlighting how previous data relationships have broken down. It examines the unexpected trends in the labor market despite significant interest rate hikes by the Federal Reserve. The speaker expresses concern over the potential overdoing of interest rate increases, questioning the implications of a terminal rate exceeding 6%.

In what ways does the speaker believe pre-pandemic data has been affected?

What is the speaker's overall sentiment towards the current economic situation?