Cumberland CIO Says ECB Having Suppressing Effect on Fed

The transcript discusses the Federal Reserve's focus on financial conditions over traditional economic indicators like GDP and inflation. It introduces new terms such as 'pause' and 'financial conditions' in economic discussions. The potential policy mistakes by the Fed and their impact on markets are examined, along with the influence of the European Central Bank's negative interest rate policy on US interest rates.

What potential indicators are mentioned that could show whether the Federal Reserve made a policy mistake?

How does the text relate the Federal Reserve's actions to the European Central Bank's policies?