Expect two rate hikes this year or early next year, says Roger Ferguson

• Roger Ferguson expects two Fed interest rate hikes this year or early next, citing persistent inflation pressures and the Fed's need to maintain credibility.
• The latest CEO confidence survey shows a cautious 'uptick' from the last quarter, with cybersecurity identified as the top worry and AI as the second-highest risk.
• Ferguson comments on Google's AI leadership changes, referring to a 'deep bench' and natural progression, while also discussing the historical context of presidential communication with the Fed.

Former Fed Vice Chairman Roger Ferguson anticipates two Fed rate hikes this year or early next due to persistent inflation pressures, despite some positive data. He notes a cautious uptick in CEO confidence, with cybersecurity and AI as top risks, and emphasizes the importance of Fed independence and clear communication.