Get Out of Our Market, JPMorgan's Michele Tells ECB

The video discusses the European Central Bank's (ECB) involvement in the markets and the need for it to stop reinvesting and buying bonds. It suggests that interest rates should be increased from negative levels to 1% to manage inflation and growth. The Federal Reserve (Fed) is praised for its strategy of raising interest rates over the past few years, which has been beneficial for the economy and banking system. The video projects that by the middle of next year, the Fed will have raised rates to a reasonable level, allowing for a pause to see if other central banks can catch up.

What does the speaker believe about the current state of the economy?

What does the speaker suggest should be done while waiting for other central banks?