Daybreak Europe Show Open: Powell Sees 'Real Progress' But Not Even

The transcript discusses Jay Powell's perspective on economic progress, highlighting that while progress is being made, it is not benefiting everyone equally, with racial and economic disparities evident. The Federal Reserve's current monetary stance is examined, with differing views on when tapering should begin, contrasting with past cycles. The discussion includes the need for unemployment to reach 5% before tapering talks, potentially at Jackson Hole.

What does Jay Powell identify as a significant issue in the current economic progress?

• There is no progress at all.

• The progress is not beneficial for everyone.

• The progress is only beneficial for high earners.

• The progress is too rapid.

According to Mr. Williams, why is the current economic data insufficient for the FOMC to change its monetary policy?

• The data shows rapid economic growth.

• The data is outdated.

• The data is too complex to interpret.

• The data does not support a shift in policy.

What does Kaplan suggest should be discussed at the earliest possible time?

• Increasing interest rates.

• Addressing imbalances and tapering.

• Reducing taxes.

• Increasing government spending.

How does the current economic situation differ from the 2015 tightening cycle?

• It is exactly the same.

• It is more severe.

• It is less severe.

• It is very different.

What unemployment rate does a guest suggest is necessary before tapering discussions can begin?

• 5%

• 4%

• 6%

• 3%