Bullard Says Fed Needs Rates Above 5%

Bullard Says Fed Needs Rates Above 5%

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Business, Architecture, Engineering

University

Hard

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The transcript discusses the current economic challenges, including a banking crisis and an oil shock. It explains the use of macroprudential tools to manage financial stress and the role of monetary policy in combating inflation. The impact of oil prices on the economy is analyzed, and the need for a higher Fed funds rate to address inflation is discussed.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What tools are mentioned as being used to address financial stress in the current economic climate?

Fiscal policy measures

Subsidies for oil companies

Macroprudential tools

Trade tariffs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factors are contributing to the rise in oil prices according to the discussion?

Decreased demand for oil

China's economic recovery

Increased oil production in the US

OPEC's decision to cut production

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What unexpected event is mentioned that could affect the oil market?

A technological breakthrough

A natural disaster

OPEC's decision

A new trade agreement

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does the Federal Reserve believe it needs to raise the Fed funds rate above 5%?

To increase employment

To combat sticky inflation

To stimulate economic growth

To stabilize the housing market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which core measures of inflation are mentioned as being particularly sticky?

PC core inflation and Dallas Fed trim mean

Consumer Price Index (CPI)

Producer Price Index (PPI)

Import Price Index