G Plus' Komileva Says Fed Stance Extremely Accommodative

The video discusses the Federal Reserve's dovish tightening strategy amidst rising inflation and a tightening labor market. It explores the Fed's confidence in reaching economic neutrality and the potential gradual pace of interest rate hikes. The discussion also covers political risks, particularly in the context of the US and global markets, and the concept of political arbitrage between different economic policies and market dynamics.

What does the term 'political arbitrage' refer to in the context of the discussion?

What is the significance of the juxtaposition between Treasurys and bonds mentioned in the text?