Fed's George Sees Two More 2018 Rate Hikes as 'Appropriate'

The transcript discusses the potential for two more rate hikes in the current year, emphasizing the need for reassessment at each meeting based on economic data and constituent feedback. It highlights a consensus within the committee on the economic state, though differences exist on the number of rate hikes needed. The discussion also covers economic performance, risks of procyclical fiscal policy, and the challenge of determining the neutral rate. The importance of evaluating policy restrictiveness and the lag effect of policy changes are also noted.

What is the speaker's perspective on the neutral rate and its implications?

How does the speaker propose to evaluate economic performance moving forward?