The Fed Should Wait a Bit More Before Hiking Again, Citigroup's Mann Says

The transcript discusses the global economic outlook, highlighting a reduction in growth forecasts for 2018, 2019, and 2020. It contrasts this with the more robust US economy, which faces potential challenges in 2020 due to legislative factors. The Federal Reserve's policy challenges are explored, focusing on balancing credit spreads, interest rates, and inflation. The impact of trade and tariffs is also examined, with concerns about firms raising prices due to tariffs and the potential for inflationary pressures.

What is meant by the 'shadow third mandate' of the Fed in relation to financial markets?

What factors are contributing to the potential for firms to raise their prices in the near future?