Fed's Key Question Is How Fast to Raise Rates: Reinhart

The transcript discusses the Federal Reserve's forecasting accuracy, interest rate hikes, and the dual mandate of maximum employment and stable prices. It explores potential future rate increases, the impact of political changes on the Fed, and key questions facing the Fed, such as the pace of rate increases. The discussion also touches on inflation expectations and the influence of political appointments on the Fed's decision-making process.

How might political aspects influence the Federal Reserve's decisions on interest rates?

What does the term 'dual mandate' refer to in the context of the Federal Reserve?

What is the potential impact of inflation on the Federal Reserve's policy decisions?