Plosser Is Concerned Reforms May Make Fed More Political

The transcript discusses the Federal Reserve's considerations for raising interest rates, the market's reaction to these signals, and the potential impact of economic projections. It highlights the uncertainty surrounding the Trump administration's policies and their effect on the economy. The discussion also covers inflation, wage growth, and the importance of the Fed maintaining its independence amidst calls for reform.

What are some reasons mentioned for not raising interest rates?

What does the speaker suggest about the Fed's credibility if they do not raise rates now?

How has the market reacted to the Fed's signals regarding interest rates?

What is the significance of the Fed's summary of economic projections?

What factors contribute to the uncertainty surrounding the Fed's decisions?

How does the speaker view the relationship between wages and inflation?

What concerns does the speaker express regarding potential reforms to the Fed?