Oanda's Halley Says Yellen Has Done a Very Good Job

The video discusses the potential influence of President Trump on the Federal Reserve, considering the rotating nature of the FOMC voting panel. It highlights the uncertainty in Trump's choice of governors and the economic implications. The discussion shifts to Janet Yellen's legacy, emphasizing her role in navigating the Fed through quantitative easing and interest rate normalization. Despite economic growth, wage-driven inflation remains elusive, posing challenges for the Fed's policy goals.

What is the nature of the FOMC voting panel that limits President Trump's influence on the Federal Reserve?

• It is a permanent panel with fixed members.

• It is a panel appointed directly by the President.

• It is a rotating panel with members taking turns.

• It is a panel that votes only during economic crises.

What has Janet Yellen managed to achieve during her tenure without causing market disruptions?

• Increasing inflation rates

• Lowering unemployment rates

• Increasing government spending

• Reducing the balance sheet

Despite the Fed raising benchmark rates, what unexpected financial condition was observed?

• Financial conditions remained unchanged

• Financial conditions eased

• Financial conditions became volatile

• Financial conditions tightened significantly

What economic challenge did Yellen face that influenced the Fed's approach to unwinding?

• The dot-com bubble

• The housing market crash

• The financial crisis of 2008

• The taper tantrum

What was Yellen's biggest frustration regarding the economy during her tenure?

• Lack of wage growth

• High inflation rates

• Rising unemployment

• Decreasing GDP