BlackRock's Hildebrand Says 'Great Moderation Is Over'

The video discusses the shift from a demand-driven to a supply-driven economy, marking the end of the Great Moderation. It highlights the challenges central banks face in stabilizing inflation and output simultaneously, emphasizing the trade-offs involved. The discussion covers the impact of aggressive monetary policy on market volatility and liquidity, comparing the current economic situation to the 2008 financial crisis. The video concludes that central banks must clarify their approach to managing inflation and output to stabilize markets.

How does the speaker view the future of interest rate hikes in relation to inflation?

What concerns does the speaker express about market volatility and liquidity?

What implications does the speaker foresee if central banks do not clarify their stance on trade-offs?