SocGen's Juckes Says Fed Wants to Get Back to Normal

The transcript discusses the Federal Reserve's strategy of gradual tapering and maintaining flexibility in monetary policy. It highlights the transition from crisis-era policies to peacetime monetary policy, aiming for neutral interest rates. The impact of these changes on the dollar and euro is examined, considering recent economic data and political uncertainties in Europe. The potential for the dollar to rise is noted, driven by economic optimism and market expectations of rate hikes.

What factors contributed to the maximum pessimism about the US economy mentioned in the text?

What does the speaker mean by 'everything is in place for this big euro rally to stall'?