Will We See Wage Inflation to Go With Trump Reflation?

The video discusses Chair Yellen's upcoming testimony and the limited expectations from it due to political uncertainties. It highlights Kocherlakota's opinion on the ineffectiveness of non-press conference Fed meetings, describing them as 'dead meetings.' The discussion then shifts to the lack of wage inflation despite low unemployment rates, suggesting that there is still slack in the employment numbers. The video concludes with an analysis of the Federal Reserve's challenges in achieving its inflation and employment goals.

What is the main reason for the Federal Reserve's cautious approach as discussed in the first section?

• The upcoming elections

• Changes in global trade policies

• Uncertainty in Washington's political situation

• A recent economic downturn

According to Kocherlakota, what could potentially bring life to the Federal Reserve's meetings?

• Reducing the frequency of meetings

• Taking significant actions at non-press conference meetings

• Increasing the number of press conferences

• Inviting more international economists

How are non-press conference meetings generally perceived, according to the second section?

• As lively as press conferences

• More alive than press conferences

• More informative than press conferences

• More dead than alive

What economic issue is highlighted in the final section despite low unemployment rates?

• High inflation rates

• Lack of wage inflation

• Rising interest rates

• Increasing trade deficits

What is one reason suggested for the lack of wage inflation despite low unemployment?

• High levels of employment slack

• Increased automation

• High interest rates

• Global economic slowdown