Inevitable That Trump Would Turn Attention to Fed, Says Blanchflower

The transcript discusses the historical context of the Federal Reserve's role in the economy, comparing past and present actions. It highlights potential mistakes by the Fed, particularly in raising interest rates, and the impact of these decisions on economic growth. The discussion also covers President Trump's influence on the Fed and the economy, debating the independence of the Fed and the consequences of its actions. The transcript concludes with a future economic outlook, suggesting a high probability of a recession in the next two years.

What historical event does the speaker reference when discussing the current economic situation?

What are the potential consequences of the Federal Reserve's actions as discussed in the text?

How does the speaker perceive the relationship between the President and the Federal Reserve?

What does the speaker suggest about the current economic recovery?

What is the speaker's view on the likelihood of a recession in the next two years?