JPM's Jacob Frenkel Sees 3 or 4 Fed Rate Hikes in 2017

The transcript discusses the expected rate hike by the Federal Reserve and its implications for the U.S. economy. It highlights the robust economic indicators such as low unemployment and stable inflation, which justify the normalization of interest rates. The discussion also covers market reactions, global economic policies, and the potential impact of central bank policy divergences. The importance of inclusive growth and the risks of protectionism are emphasized, along with the need for synchronized financial markets and real economy.

What is the speaker's view on the relationship between financial markets and the real economy?

What does the speaker suggest about the discussion of protectionism?

How does the speaker perceive the potential divergence in central bank policies between the Fed and the ECB?