Ready for a Rate Change? Fed Members on What to Expect

The transcript discusses the potential for economic meetings to take action based on evolving economic conditions, particularly focusing on wage growth and the labor market. It highlights the Federal Open Market Committee's (FOMC) view on gradual normalization of interest rates, with expectations of two to three rate increases this year and more in the following year. The speaker supports a slow adjustment of interest rates but believes the current level is too low. They argue that the US economy's fundamentals are strong, suggesting a quicker removal of accommodation than financial markets anticipate. The forecast indicates a strong case for raising rates in June, with expectations for further tightening in the summer.

What does the speaker believe about the strength of the US economy?

What are the anticipated effects of removing accommodation on the economy?