Posen Sees Three Fed Rate Hikes in 2017, Possibly Four

The transcript discusses the Federal Reserve's position on employment and inflation, potential rate hikes, and the impact of fiscal policy. It explores the likelihood of fiscal measures being passed and their effect on the economy. The discussion also covers changes in Fed leadership and the associated risks, including the possibility of a boom-bust cycle similar to past economic periods.

How does the speaker perceive the current state of the U.S. economy?

What are the risks associated with the Fed potentially being behind the curve?

What historical context does the speaker provide regarding potential economic cycles?