Oxford's Magnus Sees a Regime Change at the Fed

The transcript discusses the challenges faced by the administration in nominating members to the FOMC due to upcoming vacancies. It highlights the importance of addressing these vacancies to maintain a functioning Federal Reserve. The conversation also touches on the impact of political issues, such as the White House's focus on Russia, on economic policy bandwidth. Additionally, the transcript explores the concept of regime change in interest rates, noting a shift towards a gradual tightening cycle, with expectations of multiple rate hikes in the coming year.

What expectations do people have regarding interest rate changes in 2017?

What factors are keeping the overall climate for interest rates low?