JPMorgan's Frenkel Says Economic Strength Justifies Hike

The transcript discusses the rationale behind the Federal Reserve's decision to hike interest rates, emphasizing the strength of the US economy and the risks of delaying rate hikes. It highlights concerns about financial stability and the need for central banks to consider these factors in their mandates. The discussion also compares the monetary policies of the US, Europe, and Japan, noting the different stages of economic recovery and the implications for exchange rates. Japan's economic strategy is examined, with a focus on the need for deregulation to stimulate growth.

What is the significance of the 2% inflation rate mentioned by the speaker?

How does the speaker differentiate between hiking rates and normalization?

What does the speaker believe is necessary for Japan's economic growth?