Yellen Writes Down Productivity Growth

The transcript discusses the Federal Reserve's challenges in forecasting economic growth and inflation, focusing on productivity issues. It highlights the Fed's struggle to meet its projections and the implications for interest rates. The discussion also touches on the political context, emphasizing the Fed's independence during election periods.

What is the main issue Janet Yellen identifies as affecting economic growth?

• Rising unemployment

• Low productivity

• Increasing interest rates

• High inflation

How has the Federal Reserve's expectation for interest rate hikes changed over the past year?

• They have been eliminated

• They have remained the same

• They have decreased

• They have increased significantly

What is the Federal Reserve's stance on its ability to influence productivity?

• It can slightly adjust productivity

• It has no influence over productivity

• It can significantly improve productivity

• It can only monitor productivity

What was Janet Yellen's response to questions about the presidential election?

• She supported a candidate

• She avoided commenting

• She openly discussed her views

• She criticized the election process

How did Janet Yellen react to questions about Wells Fargo?

• She criticized Wells Fargo

• She was surprised by the question

• She refused to comment

• She provided a detailed response