Morning Meeting: Janet Yellen's View of U.S. Labor

The transcript discusses Janet Yellen's upcoming speech on the labor market following a recent Fed rate hike. It covers Yellen's likely reiteration of themes from her press conference, her cautious policy outlook, and the potential impact of fiscal stimulus on inflation. The discussion includes insights from Mark Cabana and other economists on the Fed's approach to economic projections and the balance of risks in the labor market.

What was the main focus of Janet Yellen's keynote address at the University?

• The impact of climate change

• Healthcare reforms

• The state of the job market

• Technological advancements

What is Janet Yellen's stance on the labor market according to her recent press conference?

• The labor market is stagnant

• The labor market has improved

• The labor market is unpredictable

• The labor market has deteriorated

How does Janet Yellen's view differ from the median of the committee regarding future rate hikes?

• She is more aggressive

• She is more cautious

• She is indifferent

• She is more optimistic

What is Janet Yellen's perspective on the Federal Reserve's approach to fiscal stimulus?

• She supports immediate action

• She is undecided

• She prefers a wait-and-see approach

• She opposes any fiscal stimulus

What does Janet Yellen indicate about the Federal Reserve's inflation expectations?

• They expect inflation to decrease

• They expect inflation to remain stable

• They expect inflation to move closer to 2%

• They have no expectations about inflation