The Future of the Fed

David Wessel, Director of the Hutchins Center at Brookings, shares his keen insights on the Federal Reserve's future directions. He discusses the upcoming Jackson Hole symposium and what it means for interest rates. Wessel navigates the complexities of potential rate cuts, the implications of the Fed's dot plot, and how political dynamics could influence upcoming appointments. He also examines the challenges of managing inflation, public trust, and the intricate balance between economic signals and Fed communication strategies.