Fed, Economic Data and the Path to Normalized Rates

The video discusses the current state of the US economy, focusing on GDP growth, labor market conditions, and the Federal Reserve's potential actions regarding interest rates. It highlights the challenges of achieving higher growth rates and the impact of tighter monetary policy. The discussion also covers long-term economic projections and the normalization of interest rates, considering the global economic environment.

What does the speaker suggest about the normalization of interest rates in the future?

In what ways has monetary policy changed over the past few years according to the discussion?