Julia Coronado is the president and founder of Macro Policy Perspectives, a Wall Street research firm. Previously, she was a chief economist for Graham Capital Management and a senior economist at BNP Paribas. Julia also served on the Federal Reserve Board of Governors for over a decade, and she joins the show today to talk about the Fed’s latest rate hikes and other recent economic developments. David and Julia also discuss the Fed’s recent financial stability report, why inflation has been persistently low, and ways to improve communications between the Fed and the market.   Julia’s Twitter: @jc_econ Julia’s Macropolicy Perspectives profile: https://www.macropolicyperspectives.com/about/   Related Links:    Transcript for the episode: https://www.mercatus.org/bridge/podcasts/01072019/micro-foundations-macro-questions(link forthcoming)   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth