Federal Reserve Bank of NY President Williams Gets to Work

The video discusses market expectations regarding interest rates, focusing on John Williams' adherence to the R Star framework, a theoretical neutral rate of interest. Jay Powell acknowledges the framework but highlights uncertainties in identifying R Star. Williams, known for his pragmatic approach, is expected to align with the central committee's stance, predicting several rate hikes over the next two years. The video also explores potential conflicts between Williams' framework and Powell's strategies, anticipating interesting developments in the future.

What is the anticipated number of rate hikes for the current year according to the discussion?

What potential conflict is mentioned regarding the neutral rate framework?