Fed's Yellen: 'Fully My Intention' to Serve Out My Term

The transcript discusses the speaker's intention to serve their full term as chair of the Federal Reserve, despite uncertainties introduced by the election outcome. It highlights market reactions, such as increased treasury yields and a stronger dollar, which suggest expectations of a fiscal package with expansionary policy. The speaker emphasizes the uncertainty in the current economic landscape and the need to adapt policy responses as the situation evolves.

What is the speaker's intention regarding their term as chair of the Federal Reserve?

• To leave the position immediately

• To resign before the term ends

• To serve the full term until January 2018

• To extend the term beyond 2018

How did the markets react to the election outcome according to the speaker?

• Long-term treasury yields increased and the dollar strengthened

• The dollar weakened significantly

• Long-term treasury yields decreased

• Markets remained stable with no significant changes

What fiscal policy stance do markets anticipate according to the speaker?

• A restrictive policy stance

• A neutral policy stance

• An expansionary policy stance

• A contractionary policy stance

What potential consequence of the anticipated fiscal package is highlighted by the speaker?

• Deflationary pressures

• Increased unemployment

• Inflationary consequences

• Decreased economic growth

How does the speaker suggest the Federal Reserve will respond to economic uncertainties?

• By adapting policies as the situation evolves

• By ignoring market reactions

• By maintaining a fixed policy stance

• By immediately implementing new policies