BNP Paribas' Friedman Sees 4 Fed Rate Hikes in 2018

The transcript discusses the economic outlook, focusing on potential rate hikes due to strong growth and low unemployment. It explores Powell's approach to inflation, emphasizing gradual rate increases. The impact of tax cuts on fiscal and monetary policy is debated, with a focus on productivity and investment. The Fed's stance on wage pressures and inflation is also analyzed.

What is the expected number of rate hikes this year according to the speaker?

• Three

• Two

• Five

• Four

How does the committee view the path of rate increases?

• Rapid

• Unpredictable

• Gradual

• Nonexistent

What is the committee's stance on inflation moving higher?

• They are concerned

• They welcome it

• They are indifferent

• They want to prevent it

What is the potential impact of tax cuts according to the discussion?

• Decrease in investment spending

• Boost in trend growth

• Reduction in wage inflation

• Immediate increase in productivity

What is the relationship between wage inflation and overall inflation as discussed?

• Inversely proportional

• Not exactly 1 to 1

• Unrelated

• Directly proportional