Prestige Economics President on the Future After COVID-19

The video discusses the current state of economic recovery, highlighting challenges such as unemployment and the need for vaccinations. It explores potential inflation risks and their impact on financial markets. The discussion also covers significant policy changes by the Federal Reserve and Congress in response to the pandemic, questioning whether these shifts will lead to permanent changes in economic policy-making.

What is a major concern regarding the economic recovery in the coming months?

• A decrease in vaccination rates

• The potential for economic overheating

• The immediate end of COVID-19

• A sudden drop in stock markets

How many people were claiming some level of unemployment benefit according to the most recent report?

• 20.4 million

• 10.2 million

• 25.6 million

• 15.3 million

What is expected to happen to the CPI in Q2 2021?

• It will decrease to 1.5%

• It will increase to 3%

• It will rise to 2.5% and then fall

• It will remain stable at 1%

What was unprecedented about the fiscal stimulus measures taken by Congress?

• They were the smallest in history

• They were agreed upon in a bipartisan way

• They were passed without any debate

• They focused solely on tax cuts

What challenge did the European Central Bank face when trying to reduce its balance sheet?

• Currency devaluation

• Rising inflation rates

• Negative interest rates

• Increased unemployment