Economist Maki Says Fed Can Raise Rates and Unwind Balance Sheet

The transcript discusses an op-ed by Stan Druckenmiller and Kevin Wash, urging the Fed to be cautious with its policies. It explores the Fed's potential to raise interest rates and unwind its balance sheet simultaneously, despite concerns about financial conditions weakening. The discussion highlights the importance of the Fed's credibility and its shift towards data dependence. Market predictions suggest more than one rate hike in 2019, with a focus on understanding the Fed's intentions.

What do Stan Druckenmiller and Kevin suggest about the Federal Reserve's approach to interest rates?

According to the discussion, what risks are associated with winding down the balance sheet while raising rates?

What is the speaker's view on the current strength of the US economy?

How does the speaker believe the Federal Reserve should adjust its approach to interest rates?

What predictions does the speaker make regarding the Federal Reserve's actions in the coming year?