Columbia University's Mosser on the Fed Outlook

The transcript covers Jerome Powell's press conference discussing the potential start of tapering as early as November, with a possible end by mid-next year. It highlights the Fed's slightly hawkish stance, concerns over economic slowdown due to COVID, and the impact of supply chain disruptions on inflation. The discussion also touches on global financial risks, particularly related to Chinese markets, and the Fed's approach to managing inflation and interest rates.

When does the Federal Reserve anticipate the tapering process might begin?

• Early November

• Late December

• Mid-January

• Early February

What percentage of progress did Chair Powell mention regarding the labor market's return to full employment?

• 40%

• 60%

• 70%

• 50%

What could potentially cause the Federal Reserve to pause its tapering plans?

• A significant spike in the delta variant

• A strong economic recovery

• A decrease in inflation

• An increase in employment rates

How does the Federal Reserve define 'transitory' inflation?

• Measured in weeks

• Measured in years

• Measured in months

• Measured in quarters

What is a potential consequence of prolonged supply chain disruptions?

• Stable interest rates

• Increased employment

• Accelerated inflation

• Decreased inflation

What is one of the main risks associated with the Evergrande situation?

• Decreased US interest rates

• Increased Chinese exports

• Global confidence channels

• Rising oil prices

What is the main concern if the Evergrande issue leads to global market scrutiny?

• Increased Chinese imports

• Rising commodity prices

• Hidden similar risks elsewhere

• Decreased global trade