Shepherdson: Fed at 2% Next Year on Five Rate Hikes

The transcript discusses the anticipated rise in inflation rates due to energy price changes and the potential impact of the Trump administration's policies. It highlights the debate on whether to allow inflation to overshoot targets and the implications for economic policy. The discussion also covers expected interest rate hikes and their potential to trigger a recession, emphasizing the need for careful policy management.

Discuss the implications of the Fed's response to fiscal stimulus as mentioned in the text.

What factors are mentioned that could lead to rapid interest rate hikes in the near future?