VTB's MacKinnon Says Fed's March Meeting Is Live

The transcript discusses the potential for a March rate hike by the Federal Reserve, influenced by rising US inflation and market readiness. It highlights the impact of the US debt ceiling and eurozone elections on rate decisions. The discussion also covers the influence of President Trump's policies, such as tax reductions, on the Fed's actions. The overall message is that the Fed is prepared to act based on economic indicators, meeting its dual mandates of price stability and maximum employment.

What are some reasons mentioned for potentially deferring a rate hike in March?

• High unemployment rates

• Strong economic growth

• Low inflation numbers

• US debt ceiling expiry and eurozone elections

What dual mandates is the FOMC aiming to meet?

• Economic growth and low inflation

• Stable currency and trade balance

• High employment and low interest rates

• Price stability and maximum employment

How might President Trump's policies affect the Fed's decision-making?

• They will delay the rate hike

• They will have a major impact

• They will have no impact

• They might not play a significant role

What is the potential size of the infrastructure package mentioned?

• 150 billion

• 500 billion

• 350 billion

• 200 billion

What is the Fed's stance on moving forward with rate hikes?

• They are hesitant and waiting

• They are ready to act

• They are against any hikes

• They are undecided