Carnegie Mellon’s Goodfriend: Fed Will Move Preemptively

The transcript discusses the Federal Reserve's potential regime change and its impact on market expectations. It highlights a significant shift in the likelihood of a Fed move in March, influenced by historical lessons and current economic conditions. The discussion includes references to historical figures and the Fed's proactive approach to inflation. Market expectations for interest rate hikes and the political and economic pressures influencing these decisions are also examined.

What is the significance of the two-year treasury yield mentioned in the discussion?

What are the implications of the political pressure on the Federal Reserve's decision-making process?