The Fed does have obligations to explain itself to public and congressInflation is a social phenomenon, if they believe it will go up, it probably willWe will be careful about changing policy until we have a lot more certaintyWe have time to make assessments on net effects of policy changes before we reactWhen it comes to fiscal policy, it takes a long time for a bill to get through
There is nothing new in the Q&A so far and the interviewer is asking non-stop political questions. Powell basically had to straighten her out after the 10th political question and the crowd cheered him on.
Increase of new business and people moving jobs have been factors in productivity growthYou can argue generative AI will cause a huge boost of productivity, and others who don’t say it willThe history of technology is that it takes longer to show up in productivity but it’s bigger
This article was written by Adam Button at www.forexlive.com.
