Mervyn King Says Trump Made a Fed Rate Hike Easier

The transcript discusses the challenges faced by central banks in adapting their models to current economic conditions, with a focus on interest rates, inflation, and unemployment. It highlights the Federal Reserve's efforts to normalize interest rates and the impact of political leadership, particularly President Trump, on economic policy. The European Central Bank's struggle to implement a unified monetary policy across diverse economies is also examined, with a discussion on the potential need for fiscal union in the eurozone.

Discuss the challenges faced by the European Central Bank in implementing a unified monetary policy.

What are Emmanuel Macron's views on the future of the monetary union in Europe?