Hiring in U.S. Picks Up, What Will Fed Do Now?

The video discusses the current state of the labor market and economy, describing them as 'red hot' and potentially overheating. It highlights the Federal Reserve's position, noting that they are behind the curve and may need to accelerate rate hikes. The discussion includes predictions of slower economic growth and more aggressive rate hikes by the Fed in upcoming meetings, reaffirmed by recent reports.

What does the text indicate about the Fed's current position in relation to the economy?

What are the expected outcomes of the Fed's actions according to the text?