Pimco's Clarida Says Tax Phase-in Would Be Terrible Idea

The video discusses the potential negative impact of phasing in corporate tax cuts, as it may delay investments and harm the economy. It highlights the uncertainties surrounding the tax bill, including its effects on the middle class and the challenges in passing it. The discussion also covers the potential Fed rate hikes in 2018 and the influence of a new Fed chair, emphasizing the continuity of current monetary policies.

How does the speaker view the challenges of achieving serious tax reform?

What factors does the speaker believe will influence the next Fed chairman's impact on rates and the balance sheet?