Here's your summary from Fed Has Financial Conditions Where They Need to Be, Zandi Says (https://www.youtube.com/watch?v=0JcvSUC-V4s) on the Bloomberg Television channel:

### TLDR:

The Federal Reserve believes financial conditions are at an optimal level, but there are concerns about holding rates too high for too long.

### Key Points:

1. Federal Reserve officials believe financial conditions are where they need to be, despite differing opinions on Wall Street.

2. There are concerns about holding interest rates too high for too long, with signs of weakness in the labor market and a fragile financial system.

3. Data on inflation, particularly the core CPI, will be crucial in convincing the Fed to cut interest rates.

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