Bullard: The Fed's Dot Plot May Be Counterproductive

The transcript discusses the Federal Reserve's approach to interest rate forecasting, focusing on the dot plot's role in providing forward guidance. Concerns are raised about its efficacy in the current economic environment. The speaker shares personal views on rate increases, emphasizing a data-driven approach. The impact of the 2008 financial crisis on central banking is highlighted, along with a call for all meetings to be live to better assess economic conditions.

In what ways has the economic landscape changed since the 1990s and early 2000s according to the speaker?

What factors might influence the decision to raise rates in April?