BNP Paribas' Friedman Sees 4 Fed Rate Hikes in 2018

The transcript discusses the economic outlook, focusing on potential rate hikes due to strong growth and low unemployment. It explores Powell's approach to inflation, emphasizing gradual rate increases. The impact of tax cuts on fiscal and monetary policy is debated, with a focus on productivity and investment. The Fed's stance on wage pressures and inflation is also analyzed.

What are the expected economic conditions that might lead to rate hikes this year?

How does the speaker believe Powell will handle questions regarding inflation?

What is the significance of the June meeting mentioned in the text?

What are the potential impacts of tax cuts on investment spending according to the discussion?

What is the speaker's view on the relationship between wage inflation and overall inflation?