Rally in Equities Has Legs Behind it, says MUFG's Tan

The video discusses market reactions to President Trump's statements, highlighting a divergence between equity markets and other financial sectors. It explores the role of the US consumer in driving the economy, dismissing recession fears. The discussion shifts to interest rates and inflation, questioning the need for rate hikes amid a stable economic environment. The video concludes with a debate on global central banks' ability to create inflation.

Why might the Federal Reserve consider raising interest rates despite a stable economy?

What concerns are raised regarding inflation and the actions of global central banks?