Fed's Tarullo on Fed Taking Brexit Into Account

The transcript discusses the potential impact of the UK referendum on the FOMC's decision-making process. It highlights the uncertainty surrounding Brexit and its implications for financial markets and economic growth. The discussion also touches on the balance between financial stability and growth concerns in the context of the upcoming June meeting.

How does the FOMC consider external factors like the UK referendum in their decision-making process?

• They always prioritize external factors over domestic ones.

• They take them into account if they could have some impact.

• They consider them only if they directly affect the US economy.

• They ignore external factors completely.

What is the primary concern for the FOMC regarding the UK referendum?

• Cultural exchanges

• Political implications

• Immediate market impact

• Long-term economic growth

What is the FOMC's approach to financial stability and growth concerns during the UK referendum?

• They focus solely on financial stability.

• They disregard both concerns.

• They focus solely on growth concerns.

• They consider both financial stability and growth concerns.

In the context of the UK referendum, what does the FOMC prioritize in the short term?

• Immediate market reactions

• Long-term growth strategies

• Cultural impacts

• Political stability

How might the UK referendum affect ongoing monetary policy according to the FOMC?

• It will only affect monetary policy if the referendum results in a leave vote.

• It will have no effect on monetary policy.

• It could affect monetary policy if there are implications for growth over time.

• It will lead to an immediate change in monetary policy.