Fed Definitely Wants to See Rates Higher, Gary Shilling Says

The video discusses the Federal Reserve's gradual approach to raising interest rates and its impact on the economy. It highlights the slow wage growth and job creation in low-paying sectors, influenced by globalization and political factors like Trump's election and Brexit. The discussion also covers protectionist policies and their effect on the Fed's decisions, emphasizing the challenges of implementing long-term economic solutions amidst global uncertainties.

What are the implications of the Fed's gradual rate increases on the economy?

How has unionization in the private sector changed since World War Two?

What factors are contributing to the stagnation of real income growth for the majority?

In what ways might Trump's protectionist policies affect the economy?

What long-term solutions could address the economic benefits for those not seeing improvements?