Gary Cohn Sees Trump Selecting Fed Vice Chair This Year

The video discusses the impact of a $500,000 cap on the housing market, arguing that interest deductibility is not the primary driver for home purchases. It examines market reactions to fiscal policies and the need for fiscal stimulus, highlighting stagnant wage growth and the potential benefits of a tax plan. The video also covers Federal Reserve nominations, including the selection of Jay Powell as Fed chair and ongoing discussions for the vice chair position.

What is the primary reason people buy houses according to the first section?

• Due to low interest rates

• To invest in real estate

• Because of job security and economic confidence

• To deduct mortgage interest

What does the first section suggest about the impact of reducing mortgage interest deduction usage?

• It will significantly alter the housing market

• It will lead to a housing market crash

• It will have no effect on the housing market

• It will slightly increase home ownership rates

What is the main concern of Lloyd from Wall Street regarding fiscal stimulus?

• It will decrease stock market stability

• It is necessary for economic growth

• It is not needed given the current GDP and employment rates

• It will lead to inflation

What is the goal of the tax plan mentioned in the second section?

• To stabilize the housing market

• To reduce unemployment

• To create wage growth

• To increase government revenue

Who has been nominated as the Fed Chair according to the final section?

• John Taylor

• Gary Cohn

• Lloyd Blankfein

• Jay Powell