Fed Keeps Rates Unchanged: Is It the Right Move?

The transcript discusses the Federal Reserve's expectations for interest rates and their impact on economic forecasts. It highlights the market's reaction, particularly the decline in the dollar's value, and explores the Fed's approach to nominal GDP and inflation. The discussion includes insights into the components of GDP and the Fed's focus on inflation and real growth rather than nominal GDP as a summary measure.

What expectations do the majority have regarding interest rates and economic results?

How does the recent retail sales report reflect on the economic outlook?

What is the Federal Reserve's stance on a weaker dollar?

How does Chair Yellen adapt to the new reality of nominal GDP?

What are the components that the Fed looks at regarding nominal GDP?