The Bank of England and Federal Reserve's Ability to Wait for Inflation

The video discusses the potential impact of a no-deal Brexit on interest rates, suggesting that the Bank of England might be forced to hike rates due to a pound crash and imported inflation. It explores differing opinions on the Phillips Curve's relevance, with some arguing it remains valid while others see it as flat. The discussion also covers the risk-free rate in investments, emphasizing the need to keep interest rates low to avoid market disruptions.

What implications does the speaker suggest regarding the neutral rate for the Fed funds rate?

What does the speaker suggest about the need for interest rates in the current economic climate?