Rivlin: Jobs Numbers Put U.S. Recovery Back on Track

The transcript discusses the US labor market's strength, noting a slowdown in job growth and wage gains. It explores the probability of a Fed rate hike, considering economic uncertainties like Brexit. The potential impact of Brexit on the US economy is analyzed, with a focus on financial conditions. The ECB's bond purchase strategy and fiscal policy challenges are examined. Finally, the Fed's internal dynamics and concerns about US economic growth are discussed, highlighting the need for infrastructure investment and overcoming political gridlock.

What is the current state of the US labor market according to the transcript?

• The labor market is stable with no changes.

• There is a surprising recovery with some challenges.

• The labor market is declining rapidly.

• There is a significant increase in unemployment.

What is a major concern despite the employment situation?

• High inflation rates.

• Wage stagnation despite employment.

• Decreasing job opportunities.

• Increasing interest rates.

What investments are suggested to address wage stagnation?

• Investing in foreign markets.

• Enhancing infrastructure and technology.

• Increasing government spending on defense.

• Reducing taxes.

When is the next Fed rate hike expected according to the transcript?

• Early next year.

• Before the end of this year.

• In the next five years.

• No rate hike is expected.

What is the expected impact of Brexit on the US economy?

• A significant negative impact.

• No impact at all.

• A generally unsettling but minor impact.

• A positive impact on trade.

What is the European Central Bank's current challenge?

• Managing high inflation.

• Dealing with fiscal austerity and uncertainty.

• Increasing employment rates.

• Reducing interest rates.

What is the concern within the Fed regarding the US economy?

• There is too much foreign investment.

• The economy is stuck at its potential growth level.

• The economy is overly reliant on technology.

• The economy is growing too fast.