Fed Could Be Hawkish on U.S., Dovish on Global View: Citi's Peterson

The transcript discusses the Federal Reserve's role as a potential global central bank and its current focus on the US economy. It examines domestic economic factors like growth, inflation, and the labor market, and considers global influences such as slowing growth in China and Europe, and trade wars. The Fed's potential dovish or hawkish stance is analyzed, depending on whether it focuses on global or domestic factors. The transcript concludes with the Fed's readiness to act if economic conditions worsen.

What are the three key areas the Fed is looking at regarding the domestic economy?

How has inflation been performing according to the text?

What external factors are influencing the Fed's decisions?

What might be the Fed's stance if it were to focus solely on the US economy?

What is Powell's likely approach regarding the external environment and financial conditions?