BNP Paribas' Shing Says Yellen in a Difficult Position

Janet Yellen discusses the shift in the Federal Reserve's focus from post-crisis economic healing to maintaining progress. The Fed aims to ease support as it nears full employment and 2% inflation. Yellen emphasizes a neutral monetary policy stance, allowing the economy to maintain stability without aggressive intervention. The discussion includes the Fed's position, market impacts, and challenges in policy decisions, such as low unemployment and patchy economic growth. The Trump administration's policy expectations, including tax cuts and infrastructure spending, are also analyzed.

What are the implications of the Trump administration's policies on the economy according to the discussion?

What is the suggested approach towards tax reform as per the economists mentioned?