Bullard Expects Two More Fed Rate Hikes in 2023

The video discusses the economic situation in 2023, focusing on inflation expectations and the need for policy rate adjustments. It highlights the strong labor market, with low unemployment and high job openings, as an opportunity to combat inflation effectively. The speaker emphasizes the importance of addressing inflation promptly to avoid repeating the economic challenges of the 1970s.

What is the significance of fighting inflation while the labor market is strong?

What lessons can be learned from the economic conditions of the 1970s?