Fed rates hikes: 'Anything can happen,' Former Federal Reserve Board economist explains

After the Federal Reserve's decision to hold interest rates in its 5.25-5.50% range in November, JPMorgan Chase (JPM) Chairman and CEO Jamie Dimon told Yahoo Finance the Fed was "right to pause here... and see what happens" while believing regulators could still hike rates. The Wall Street Journal Chief Economics Correspondent Nick Timiraos and Sahm Consulting Founder Claudia Sahm sit down with Yahoo Finance Live's Diane King Hall and Brad Smith to talk about the Fed's monetary outlook after Chair Jerome Powell's statements on Wednesday, which Timiraos characterized as having a "glass half full" emphasis." "We need to recognize the fact that we are leaving 2023 in a better place than most commentators and probably even the Fed thought we would," Sahm says, who is also a former Federal Reserve Board Economist. "Consumers have held up." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp Connect with Yahoo Finance: Get the latest news: https://yhoo.it/2fGu5Bb Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV