Will Fed Separate Itself From the Markets?

The transcript discusses the Federal Reserve's influence on financial markets, particularly in relation to rate hikes. It highlights how global events like Brexit have impacted market behavior and central bank actions. The discussion also covers domestic data's role in shaping market trends and the challenges the Fed faces with inflation expectations. The transcript concludes with an analysis of how market expectations can influence the Fed's decisions on rate hikes.

Why is it difficult for the Fed to measure inflation expectations?

What has shifted in the market's attitude towards the Fed's rate hikes over the past year?