Analyzing Fed Sentiment and Economic Indicators

The chapter delves into the sentiment within the Fed regarding a potential rate rise, discussing Vice Chair Fischer's comment on the decision's closeness and Eric Rosengrin's shift towards advocating for a rate increase. It explores the dynamics at the FOMC, dissent within the board, reading meeting minutes for insights, concerns about inflation hitting 2%, challenges in retaining employees in a tight labor market, the impact of low productivity on wage growth and GDP, and the evolving nature of part-time employment in the US economy.