Neil Dutta: Fed's Policy Is to Be Behind the Curve

The transcript discusses the central bank's reactive approach to policy-making, using a hockey analogy to explain economic strategies. It highlights the Fed's strategy on interest rates, waiting for inflation to rise above 2% before adjusting rates. The dot plot is used to illustrate market expectations, and potential future scenarios for interest rates and the global economy are considered.

What challenges does the Fed face in making policy changes?

In what scenario could interest rates rise again according to the discussion?