Fed Is Making a Mistake Raising Rates, Moody's Economist Ozimek Says

The transcript discusses the Federal Reserve's repeated mistake in underestimating labor market slack, leading to premature rate hikes. It highlights the need for better measurement methods, such as considering the employment-to-population ratio. The negative impact includes slower economic recovery and fewer jobs. Criticism of the Fed's actions is addressed, along with potential corrective measures like pausing rate hikes to avoid further economic disruption.

What factors might prevent the Fed from recognizing their mistakes?

What corrective measures could the Fed take to address their mistakes?