Dartmouth's Danny Blanchflower Says Fed Should Wait

The transcript discusses the debate among Fed officials about tightening monetary policy, despite mixed economic indicators such as slower growth, rising unemployment, and flat investment. The credibility of the Fed is questioned due to differing views from other economic bodies. Additionally, the potential impact of the French elections on the EU and Fed's decisions is considered, with a call for caution and waiting before making policy changes.

How do the comments from Fed presidents influence the decision-making process regarding interest rates?

What are the main concerns regarding the current state of the US economy as discussed in the text?

What evidence is mentioned that suggests the Fed might be making mistakes similar to those in 2008?

What is the significance of consumer spending and job growth in the context of the discussion?

In what ways do the upcoming French elections impact the Fed's decision-making process?