Fed May Be More Aggressive in 2022, Economist Swonk Says

The transcript discusses the Federal Reserve's internal debate on tapering and rate hikes, highlighting differing opinions among members. Powell's challenge is emphasized, especially with the 2022 outlook where voting members may favor rate hikes. Powell believes inflation and wage increases are transitory, but the Fed will act aggressively if needed by 2022, depending on economic momentum.

What is the main challenge that Chairman Powell is facing regarding the Fed's decisions?

How does the rotation of voting members in the FOMC affect the Fed's decisions?

What does the debate about tapering and rate hikes indicate about the Fed's current stance?

What does the term 'transitory' refer to in the context of inflation and wages according to Powell?

What are the implications if the Fed does not see a real change in momentum by the end of the year?