Powell Says He's 'Trying Very Hard' Not to Give Fiscal Advice

The transcript discusses the economic implications of spending another $6 trillion, addressing concerns about inflation and tax increases. It highlights the Fed's past actions during a national emergency and its current stance of not engaging in fiscal policy advice, emphasizing a return to regular order.

What is the main concern about spending another $6.8 trillion according to the speaker?

• It could have a detrimental effect, including tax increases during inflation.

• It might lead to a decrease in employment.

• It will result in a surplus in the economy.

• It will cause a decrease in consumer spending.

What does the speaker suggest about the actions taken last year during a national emergency?

• They should be continued indefinitely.

• They were unprecedented and should lead to a return to regular fiscal order.

• They were ineffective and need to be revised.

• They were unnecessary and should be avoided.

According to the speaker, what role should the Federal Reserve play in fiscal policies?

• The Federal Reserve should lead fiscal policy decisions.

• The Federal Reserve should have no role in fiscal policies unless it's a national emergency.

• The Federal Reserve should always provide fiscal advice.

• The Federal Reserve should only focus on tax policies.

What is the speaker's stance on giving fiscal advice this year?

• The speaker is actively giving fiscal advice.

• The speaker is avoiding giving fiscal advice.

• The speaker is unsure about giving fiscal advice.

• The speaker is giving advice only to certain parties.

How does the speaker view the relationship between fiscal decisions and the Federal Reserve's policies?

• They should be merged into one policy.

• They should be occasionally aligned.

• They should be completely separate.

• They should be closely aligned.