The Case for Fed Action Has Gone Up: Girard

The transcript discusses market expectations for the Federal Reserve's rate hikes and the impact of the 2016 U.S. presidential election on these expectations. It highlights the Fed's cautious approach due to economic uncertainties and the potential effects of fiscal stimulus, particularly tax cuts, on economic growth. The discussion also touches on the varying opinions within the FOMC regarding the growth outlook and the implications of policy changes.

In what ways does the text suggest that infrastructure spending could impact economic growth?

How might the dispersion of economic projections for GDP change according to the text?

What differing opinions might members of the FOMC have regarding the impact of tax cuts on economic growth?