Fed Policy Faces Danger of Going Too Late: Weber

The transcript discusses two models of the Federal Reserve's approach to interest rate hikes: one advocating for early action to avoid rapid increases later, and another suggesting a delay until economic recovery is assured. The speaker believes the risk lies in acting too late, as the US recovery is stronger than perceived, potentially leading to inflation above target. The discussion also covers the impact of US monetary policy on Europe and exchange rates.

What preference does the speaker express regarding the timing of monetary policy moves?

What potential impact does US monetary policy have on Europe according to the speaker?