What the FOMC Minutes Suggest About the Path of Monetary Policy

The transcript discusses the Federal Reserve's approach to interest rate hikes, focusing on Jay Powell's comments and the market's reaction. It highlights the Fed's communication strategy and its impact on capital markets. The discussion also covers the Fed's concerns about market conditions and the potential for future rate increases to manage perceived overvaluations in asset classes.

What does the term 'neutral' refer to in the context of interest rates?

In what ways do capital market conditions influence the Fed's decisions?