SNB's Jordan: Too Early for European Policy Normalization

The transcript discusses the impact of global political and economic uncertainties on Switzerland, focusing on the effects of the Trump election and the reflation trade. It highlights the challenges faced by Europe, including low economic growth and expansionary monetary policies. The discussion also covers domestic issues in Switzerland, such as housing prices and bank profitability, and the role of negative interest rates. The Swiss National Bank's strategies for currency intervention and balance sheet management are examined, along with the overvaluation of the Swiss franc and its implications for the economy.

What concerns does the speaker express regarding the political upheaval?

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How does the speaker describe the impact of the Fed raising rates on their job?

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What challenges does the speaker identify regarding the economic situation in Europe?

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What is the speaker's view on the possibility of an asset price bubble in Switzerland?

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How does the speaker assess the current state of bank profitability in Switzerland?

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What instruments does the speaker mention as part of their monetary policy?

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What is the speaker's perspective on the strength of the Swiss franc?

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