Lockhart: I Don’t See an Interest Rate Cut in the Foreseeable Future

The transcript discusses the Federal Open Market Committee's (FOMC) approach to inflation and interest rates, emphasizing a wait-and-see stance. It explores the Fed's credibility amidst political pressures and the importance of inflation expectations. The discussion includes global economic indicators like the Purchasing Managers Index (PMI) and the potential reevaluation of the Fed's policy framework, particularly the 2% inflation target. The impact of the US-China trade war on global economic stability is also examined.

What role does the Purchasing Managers Index (PMI) play in assessing the economy?

In what ways might the Federal Reserve change its approach to inflation in the future?

How might global economic conditions affect the Federal Reserve's policy decisions?