Ahead of the Fed

Charles Plosser, former president and chief executive officer of the Federal Reserve Bank of Philadelphia, joins Danae Kyriakopoulou, head of research and chief economist at OMFIF, to discuss the last Federal Open Markets Committee meeting of 2017. They examine the expected interest rate rise, the conflicting views at the Fed with regards to low inflation and potential build-up of imbalances in the market, as well as the long-term consequences of the Fed’s decision to unwind the $4.5 trillion balance sheet.