Boston College's D'Acunto on Fed Equality

The video discusses research on how diversity in the Federal Reserve Board affects consumer trust and expectations, particularly among minority groups. It highlights that increased diversity can enhance trust in the Fed's forecasts. The video also covers Samsung's Q4 financial results, noting a slight miss in operating profit expectations due to one-time costs, despite strong sales. The discussion returns to the Fed, exploring the potential for implementing diversity findings and the asymmetric effects on different demographic groups.

How does diversity on the Federal Reserve Board primarily affect consumer beliefs?

• Through direct financial incentives

• By changing the economic policies

• Through different consumer beliefs

• By increasing interest rates

What was Samsung's fourth-quarter operating profit compared to the estimates?

• It was not reported

• It was below the estimates

• It matched the estimates

• It exceeded the estimates

What was a significant factor affecting Samsung's operating profit?

• Special bonus costs

• Currency fluctuations

• New product launches

• Increased sales

What is the effect of diverse representation at the Federal Reserve on public trust?

• It causes confusion among the public

• It increases public trust

• It has no effect on public trust

• It decreases public trust

What is the main benefit of diversity in the context of the Federal Reserve's communication?

• It increases unemployment

• It enhances public trust

• It simplifies economic policies

• It reduces inflation

What is a potential challenge in implementing diversity findings in political appointments?

• Public opposition

• Insufficient research data

• Political horse trading

• Lack of qualified candidates

How do overrepresented groups react to increased diversity on the Federal Reserve Board?

• They protest against the Fed

• Their trust remains unchanged

• They stop using Fed forecasts

• They lose trust in the Fed