Why the Bank of England Has to Stay Put

The video discusses the Federal Reserve's (Fed) role in policymaking, including the impact of the BYOE. It examines the global economy, particularly the effects of Brexit on the UK and its limited global impact. The video predicts a 25 basis point Fed rate hike and explores the potential for future hikes, considering the US economic outlook and the absence of fiscal stimulus. The Fed's cautious approach is highlighted, with an emphasis on slower growth expectations.

What are the implications of a weaker pound on inflation and the economy?

How might the absence of fiscal stimulus affect the Fed's approach to interest rates?