Fed's Lockhart Says March Meeting Is Live

The transcript discusses global inflation trends, focusing on the CPI and PCE indices and their relation to the Federal Reserve's 2% target. It explores the potential for interest rate changes based on recent economic data and Fed Chair Yellen's testimony. The dynamics of Fed meetings and the possibility of rate hikes without scheduled press conferences are also examined.

What is the Fed's long-term target for the PCE index?

• 3%

• 1%

• 2.5%

• 2%

What does the speaker suggest about reacting to one month of economic data?

• It should be the sole basis for decisions.

• It should be ignored completely.

• It should lead to immediate policy changes.

• It should be considered but not overemphasized.

How did some people interpret Fed Chair Yellen's recent testimony?

• As indifferent

• As a call for immediate rate cuts

• As the most dovish in a while

• As extremely hawkish

What is the significance of keeping all Fed meetings 'live'?

• To allow for flexibility in decision-making

• To ensure all meetings are held in public

• To ensure decisions are made only during press conferences

• To avoid any changes in interest rates