We need to combine social science and big data for contact tracing: Tett

The transcript discusses the importance of a vaccine for economic recovery, the role of testing and technology in managing the pandemic, and the Federal Reserve's actions in offshore dollar markets. It highlights the psychological aspects of consumer confidence, the limitations of technology in contact tracing, and the Fed's strategic moves to stabilize global markets and maintain the dollar's status as a global currency.

What is considered essential for people to feel confident about returning to normal activities?

• A new economic policy

• Increased consumer spending

• A vaccine or effective testing and contact tracing

• Government subsidies

Why is technology alone insufficient for managing the pandemic effectively?

• It is too expensive

• It lacks the human element needed for effective communication

• It is not widely available

• It is too complex for most people to use

What significant action did the Federal Reserve take to support global markets?

• Increased interest rates

• Reduced government spending

• Implemented new tax policies

• Expanded dollar swap lines with central banks

How many central banks are now involved in the expanded swap lines?

• 5

• 10

• 14

• 20

What is the primary reason for the Federal Reserve's actions in offshore dollar markets?

• To support the US economy

• To maintain stability in both offshore and onshore dollar markets

• To compete with the European Central Bank

• To promote global trade

What impact might the Federal Reserve's actions have on the global currency rivalry?

• It could weaken the dollar's status

• It could strengthen the dollar's status

• It could make the euro more dominant

• It could lead to a new global currency

Why is the Federal Reserve's support of offshore dollar markets not considered an act of charity?

• It is a temporary measure with no long-term plan

• It is a response to international pressure

• It is intended to boost the US economy

• It is a strategic move to maintain global financial stability