Bullard Says Fed Must Consider `Additional Insurance' in Next Meetings

The transcript discusses the potential regime change in economic policy, focusing on the Federal Reserve's approach to monetary policy amidst global economic challenges. It highlights the urgency of upcoming meetings and the shifts in interest rate policies over the past year. The discussion also covers the need for aggressive economic measures and the impact of these policies on the housing market.

What is the main challenge faced by the ECB according to the speaker?

• A difficult economic situation

• Political instability

• High inflation rates

• Technological advancements

What significant change in monetary policy did the Fed make over the past year?

• Shifted from raising to lowering interest rates

• Increased interest rates

• Introduced new currency

• Maintained interest rates

How many basis points did the Fed's policy shift involve, according to the speaker?

• 135 basis points

• 100 basis points

• 200 basis points

• 50 basis points

What economic sector is showing signs of impact from recent policy changes?

• Automobile industry

• Agriculture

• Housing market

• Technology sector

What is the speaker's stance on the need for future rate cuts?

• Prefers no change

• Supports a quarter-point cut

• Favors a half-point cut

• Opposes any cuts