Fed's Clarida Says It's Still Too Soon to Speculate on Virus Impact

The video discusses the strong labor market and moderate economic growth in 2020. Inflation is below the 2% target but expected to rise with appropriate policy. Despite low unemployment, wage growth aligns with productivity. Global factors like sluggish growth and trade uncertainties have impacted the US economy. The emergence of the coronavirus poses risks, potentially affecting Chinese and global growth, but its full impact is uncertain.

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

• Weak and declining

• Strong and sustainable

• Unstable and unpredictable

• Overheated and risky

How is inflation expected to change under appropriate policy?

• Gradually rise to 2%

• Fluctuate unpredictably

• Remain constant

• Decrease significantly

What impact did global developments have on the U.S. economy in 2019?

• Led to a trade surplus

• Weighed on investment, exports, and manufacturing

• Had no significant impact

• Boosted investment and exports

What recent development is being closely monitored for its impact on global growth?

• OPEC oil production cuts

• U.S. presidential elections

• The emergence of the coronavirus

• Brexit negotiations

What is the expected impact of the coronavirus on Chinese growth?

• A positive impact on growth

• A noticeable impact in the first quarter

• No impact

• An immediate recovery