Plosser: Was 'a Bit Disappointed' With Fed's Statement

The transcript discusses the Federal Reserve's current monetary policy, highlighting the lack of clear guidance and the challenges in achieving their inflation targets. It explores the Fed's communication issues, the expansion of employment mandates, and the potential impact of increased liquidity on inflation. The discussion also speculates on the Fed's future actions and the implications of their strategies on economic recovery.

What are the implications of the Fed's vague long-term strategy on inflation targeting?

How has the Fed's communication problem affected its credibility regarding inflation targets?

What challenges does the Fed face in achieving its inflation target of 2%?

What role does inclusive employment play in the Fed's current strategy?

In what ways does the current economic situation differ from the financial crisis regarding liquidity?

How might the infusion of liquidity impact inflation in the coming years?

What are the potential consequences if the Fed fails to raise its key rate as expected?