Whalen Global Advisors' Chairman on Fed, Inflation

The transcript discusses the ongoing debate about inflation and its impact on interest rate hikes. It highlights the Federal Reserve's old policy approach and the fixation on a 2% inflation target. The conversation also touches on the unexpected effects of quantitative easing, leading to asset inflation in markets like real estate and equities. The role of central banks in driving housing prices and the resulting consumer challenges are also examined.

What is the main concern regarding interest rate hikes for the following year?

• The possibility of a unanimous decision

• The effect of global markets on rates

• The impact of inflation on rate hikes

• The role of consumer spending

What outdated policy is the Federal Reserve wedded to?

• A focus on employment rates

• A high interest rate policy

• A 2% inflation target

• A focus on global trade

Where is inflation primarily observed according to the discussion?

• In the technology sector

• In government bonds

• In asset markets like stocks and real estate

• In consumer goods

What was one of the unintended effects of quantitative easing?

• A reduction in inflation

• A bull market in global equities

• An increase in consumer spending

• A decrease in housing prices

What is the Fed's private acknowledgment regarding the economic reaction?

• It benefited consumers greatly

• It had no significant impact

• It was exactly as expected

• It was not the desired outcome