Fed Always Goes Too Far, Macquarie's Shvets Says

The transcript discusses the Federal Reserve's approach to market numbers and economic indicators, highlighting the challenges faced by Jay Powell in satisfying market expectations. It speculates on future tightening cycles and balance sheet expectations, while analyzing economic indicators and global growth challenges. The discussion also touches on the Federal Reserve's institutional inertia and reliance on policy models like the Phillips curve.

In what ways does the speaker believe the Federal Reserve is affected by global economic conditions?

What concerns does the speaker express about inflationary expectations and oil prices?