Impressions of J. Powell's Speech and Discussion on the U.S. Consumer and Interest Rates

One of the speakers shares their impressions of J. Powell's speech and the cautious and incremental approach taken by the chairman. They discuss the impact of rising interest rates and inflation on the Federal Reserve, as well as the strength of the U.S. economy. The speakers also explore the concept of the neutral rate and the time frame for observing the effects of previous policy tightening.