Did Chair Yellen Increase Chance of a March Rate Hike?

The transcript discusses the potential for a March interest rate increase by the Federal Reserve, highlighting the uncertainty of fiscal policies from Congress and the administration. It covers market reactions, inflation expectations, and comments on Trump administration policies, including immigration and its impact on growth. The hearings are noted for their political nature, with discussions on healthcare, bank regulation, and small business loans. The testimony is expected to remain unchanged, with more political questioning anticipated in the House.

What was the Federal Reserve's stance on interest rates for the year?

• They were uncertain about rate changes.

• They forecasted multiple rate increases.

• They intended to keep rates unchanged.

• They planned to decrease rates.

How did the Federal Reserve view the impact of fiscal policies from Congress or the administration?

• They were uncertain and did not base policy on it.

• They thought it would lead to immediate changes.

• They had a clear understanding of the impact.

• They believed it would have no impact.

What was one potential economic impact of changes to immigration policy mentioned?

• Higher inflation rates

• Decreased labor force growth

• Increased economic growth

• Lower interest rates

What was Janet Yellen's response to claims about small banks struggling to provide loans?

• She suggested that large banks were the issue.

• She stated that credit was a major problem.

• She agreed with the claims.

• She noted that only a small percentage of businesses reported credit issues.

What was expected of Janet Yellen's testimony before the House compared to the Senate?

• It would be significantly different.

• It would remain largely unchanged.

• It would be more focused on international issues.

• It would address new economic forecasts.