Societe Generale Expects Two Rate Hikes in 2017

The transcript discusses the US economy's current state of full employment and the urgency of raising interest rates. It highlights Janet Yellen's handling of fiscal policy expectations and market reactions. The conversation touches on inflation risks, the business cycle, and the impact of fiscal stimulus on corporate growth. It also examines market perceptions of the Federal Reserve's actions and the role of central banks in adapting to economic data. Finally, it compares US and Japanese monetary policies, focusing on yield curve control and its effects on currency markets.

What is the current state of the US economy according to the discussion?

• Recession

• Full employment

• Stagnation

• Deflation

How does Janet Yellen view the fiscal policy coming from the White House?

• As a major concern

• As a reason to lower rates

• As irrelevant

• As not a current worry

What was driving earnings per share growth before the election of Donald Trump?

• Export growth

• Increased consumer spending

• Government subsidies

• Financial engineering

What is the 'Fed Put' in the context of central bank policy?

• A strategy to lower interest rates

• A method to control inflation

• A commitment to support the stock market

• A plan to increase government spending

What is the Bank of Japan's approach to monetary policy as discussed?

• Increasing interest rates

• Yield curve control

• Reducing government debt

• Currency devaluation