Asks if dissents within the Fed become counterproductive to communication and policy messaging.
Host
Jerome Powell
States dissents are not counterproductive; they are good, thoughtful, respectful discussions.
Jerome Powell
Highlights the core policy challenge: a 'very large number' of FOMC participants see upside risks to both unemployment and inflation, but the Fed has only one policy tool.
Jerome Powell
Concludes the Fed is in a 'good place... to wait and see how the economy evolves.'