Fed Should Be Close to Done on Rate Hikes, Mnuchin Says

The video discusses the macroeconomic situation, highlighting past achievements in tax reform and economic growth. It covers the fiscal and monetary responses to COVID-19, emphasizing the necessity of these measures to prevent a global depression. The speaker reflects on the inflation caused by excessive fiscal response and critiques the Fed's delayed reaction. The discussion concludes with an analysis of interest rates and the future economic outlook, suggesting that the Fed is close to completing its adjustments as high interest rates slow the economy.

What is the speaker's opinion on the ongoing fiscal response and its impact on inflation?

What does the speaker believe about the Federal Reserve's ability to control interest rates?