Former NEC director: Markets may be disappointed in Fed dot plot

Breakdown

• Gary Cohn says markets could be disappointed if the Fed's rate outlook is less dovish than expected. 18s
• Cohn highlights variability in economic opinions and the Fed's dual mandate of stable prices and full employment. 53s
• Demographic changes and company cost-cutting are affecting unemployment rates. 1m 50s
• Companies are minimizing labor costs due to higher input costs and tariffs. 3m 7s
• Cohn warns that ongoing tariffs may lead to persistent inflation as companies eventually pass costs to consumers. 4m 31s