Federal Reserve Bank of NY President Williams Gets to Work

Federal Reserve Bank of NY President Williams Gets to Work

Assessment

Interactive Video

Created by

Quizizz Content

Business

University

Hard

The video discusses market expectations regarding interest rates, focusing on John Williams' adherence to the R Star framework, a theoretical neutral rate of interest. Jay Powell acknowledges the framework but highlights uncertainties in identifying R Star. Williams, known for his pragmatic approach, is expected to align with the central committee's stance, predicting several rate hikes over the next two years. The video also explores potential conflicts between Williams' framework and Powell's strategies, anticipating interesting developments in the future.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the R Star framework that John Williams adheres to?

A guideline for international trade

A framework for fiscal policy

A theoretical neutral rate of interest

A model for predicting stock market trends

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did Jay Powell acknowledge about the R Star framework?

It is irrelevant to current economic conditions

It is a new concept introduced by John Williams

There is significant uncertainty in identifying it

It is the only reliable economic model

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does John Williams' approach differ from a purely academic one?

He prioritizes international perspectives

He disregards the Committee's views

He is a pragmatist and aligns with the central Committee

He focuses solely on theoretical models

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected number of rate hikes this year according to the discussion?

One

Five

Two

Three or four

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What potential future conflict is mentioned regarding Williams' framework?

A dispute over stock market predictions

A conflict with fiscal policy guidelines

A disagreement with Jay Powell's actions

A clash with international trade policies