Parsing Yellen's Speech at World Affairs Council

The transcript discusses Janet Yellen's recent statements and their impact on market expectations for interest rate hikes. It highlights the shift in the Federal Reserve's approach from proactive to reactive, emphasizing data dependency. The discussion contrasts Yellen's leadership style with that of her predecessor, Alan Greenspan, noting the market's struggle with the Fed's current wait-and-see stance. Upcoming data releases and Yellen's public appearances are expected to influence market perceptions further.

What was Janet Yellen's perspective on the economy during her speech?

• The economy is stable and rates should remain unchanged.

• The economy is weak and needs lower rates.

• The economy is strong and may need higher rates.

• The economy is unpredictable and rates should be lowered.

What was the market's reaction to the possibility of a rate hike in June?

• The likelihood increased to 50%.

• The likelihood increased significantly.

• The likelihood remained the same.

• The likelihood decreased to 2%.

What upcoming events were mentioned that could influence rate hike decisions?

• A meeting with international financial leaders.

• A new economic policy announcement.

• Janet Yellen's press conference and testimony to Congress.

• A global economic summit.

How does Janet Yellen's communication style differ from Alan Greenspan's?

• Yellen is more uncertain, while Greenspan was decisive.

• Both have a similar communication style.

• Yellen focuses on international issues, while Greenspan focused on domestic issues.

• Yellen is more decisive, while Greenspan was uncertain.

What shift in Federal Reserve policy is highlighted in the discussion?

• From short-term to long-term planning.

• From reactive to proactive.

• From domestic to international focus.

• From proactive to reactive.