Jobless Claims at 14-Year Low

The transcript covers an interview with Fed President James Bullard discussing quantitative easing and inflation expectations. It highlights the strength of the US labor market despite global economic concerns. The transcript also addresses AbbVie's decision to reject a takeover due to US tax inversion rules. Finally, economist Paul Krugman shares his skepticism about economic normalization and interest rate hikes.

What is the primary factor that James Bullard mentions will influence the Federal Reserve's decision on tapering?

• Stock market performance

• Inflation and inflation expectations

• Unemployment rates

• Global trade agreements

Despite global economic challenges, what recent data indicates strength in the US labor market?

• 14-year low in jobless benefits applications

• Increase in interest rates

• Rise in jobless claims

• Decrease in consumer spending

What was the reason behind AbbVie's decision to reject the takeover of Shire?

• Lack of shareholder support

• US crackdown on tax inversions

• Regulatory hurdles in Europe

• High acquisition cost

According to Paul Krugman, what is the market's belief about the future economic conditions?

• Interest rates will remain low indefinitely

• Inflation will decrease significantly

• The economy will experience rapid growth

• Interest rates will rise and return to pre-2008 conditions by 2018

What does Paul Krugman refer to as the 'new normal' in the economic context?

• A significant rise in inflation

• An increase in global trade

• A return to pre-2008 economic conditions

• A permanent state of low interest rates and slow growth