UBS Chairman Weber Sees Two More Fed Hikes in 2017

The video discusses the Federal Reserve's recent dovish rate hike, which aligns with their projections and is largely priced in by the market. The Fed is expected to continue with gradual rate hikes, focusing on domestic economic performance while considering global trade impacts. The exchange rate is a data point, not a decision variable, for the Fed. The US fiscal policy under the Trump administration is expected to include tax cuts financed by reduced expenditure, raising concerns about environmental and agricultural subsidies. The overall approach aims to avoid increasing national debt.

What was the main outcome of the recent Fed hike mentioned in the text?

How does the Fed's outlook on the economy relate to their projected rate hikes?

What factors are influencing the Fed's decisions regarding inflation and interest rates?

What implications does the text suggest regarding the relationship between fiscal policy and the exchange rate?

In what ways might the proposed tax program affect the US economy according to the text?