Garzarelli: Fed Can Help World by Hiking Gradually

The video discusses the actions of central banks like the ECB, Fed, and BOJ, focusing on interest rate policies and their impacts. It highlights the challenges of zero rate policies, particularly on long-term yields and pension funds. The potential for future Fed rate hikes is explored, along with their global implications. The video concludes with a discussion on shifts in economic policy, emphasizing fiscal expansion and the role of QE programs.

What have we learned about Central Banks in action over the summer months?

What are the limits of implementing zero rate policies as discussed in the text?

How do long-term rates seem to be determined according to the speaker?

What is the significance of the unemployment rate in relation to the Fed's decision-making?

What changes in policy direction are being recognized among monetary policy circles?