Stephen Moore Says He Supports Stable Dollar, Worries About Deflation

The transcript discusses the Federal Reserve's goals of sustaining economic expansion, achieving full employment, and managing inflation. It explores the potential for US economic growth and the importance of a stable dollar. Concerns about deflation are raised, with a focus on falling commodity prices. The discussion touches on the gold standard and the scarcity of the dollar, emphasizing the global demand for US currency. The role of the Fed in setting interest rates and ensuring economic stability is also examined.

What are the primary goals of the Federal Reserve as discussed in the video?

• Sustaining economic growth and managing inflation

• Enhancing technological innovation and research

• Increasing taxes and reducing government spending

• Promoting international trade and reducing tariffs

What does the speaker believe is crucial for the US economy to achieve long-term growth?

• A focus solely on monetary policy

• A combination of monetary, fiscal, regulatory, and budget policies

• Reducing the national debt

• Increasing the minimum wage

What is the speaker's main concern regarding the current economic situation?

• High inflation rates

• Deflation due to falling commodity prices

• Excessive government spending

• Rising unemployment rates

How does the speaker view the role of the Federal Reserve in maintaining a stable currency?

• By adopting a gold standard

• By ensuring a stable and strong dollar over time

• By focusing on international trade agreements

• By increasing interest rates frequently

What does the speaker intend to do to better understand the Federal Reserve's decision-making?

• Read more books on economics

• Engage with Fed economists and analyze their data

• Attend international economic conferences

• Consult with foreign central banks