Fed Is Well Positioned and Can Easily Be Patient, Evans Says

The transcript discusses the Federal Reserve's shift in its rate hike strategy from December 2018 to early 2019. Initially, there was an expectation of three rate hikes in 2019, but the Fed decided to adopt a more patient approach due to strong economic indicators, global uncertainties, and market volatility. The discussion highlights the importance of timing, global economic conditions, and market perceptions in shaping the Fed's policy decisions.

What was the initial outlook for rate hikes in 2019 discussed in the December 2018 meeting?

• Three rate hikes were planned

• Five rate hikes were planned

• One rate hike was planned

• No rate hikes were planned

Which economic indicator showed strength in December, influencing the decision to pause rate hikes?

• Trade balance

• Stock market performance

• Employment report

• Inflation rate

What global factor was mentioned as a reason for the Fed's cautious approach?

• Strengthening of the US dollar

• Increase in gold prices

• European economic slowdown

• Rising oil prices

How did the speaker describe the impact of trade discussions on business investment decisions?

• Encouraging immediate investment

• Causing businesses to delay investments

• Leading to increased exports

• Resulting in higher interest rates

What was the speaker's view on the financial markets' reaction to economic data?

• Markets were overly optimistic

• Markets predicted rapid growth

• Markets were slower to assess growth deceleration

• Markets ignored global factors