Economist Paul Krugman Cautions Fed Against Raising Rates

The transcript discusses the potential impacts of Donald Trump's fiscal policies, including tax cuts and infrastructure spending. It evaluates the effectiveness of fiscal stimulus in the current economic climate, considering near-full employment and low interest rates. The discussion also covers the Dodd-Frank Act's impact on small business lending, arguing there's little evidence it hinders the economy. Finally, the transcript examines the Federal Reserve's interest rate policies, questioning the timing of rate hikes given current inflation and employment levels.

What are the potential positive outcomes of Donald Trump's fiscal policies according to the text?

What arguments are presented for and against fiscal stimulus in the current economic context?

What is the speaker's stance on infrastructure spending and its necessity?

How does the speaker view the effectiveness of Dodd-Frank regulations on the economy?

What concerns does the speaker express regarding the Federal Reserve's approach to interest rates?