Fed's Bullard: Brexit's U.S. Impact 'Possibly Zero'

The video discusses the US economic growth post-2007-2009 recession, maintaining a 2% growth rate. It examines Brexit's limited impact on the US, highlighting the stronger dollar and lower yields. The Federal Reserve's role and the evolving banking industry are explored, emphasizing the need for higher productivity and a medium-term growth agenda. The discussion concludes with Brexit's potential deflationary effects and the UK's future economic path.

What has been the average growth rate in the US since the 2007-2009 recession?

• 2%

• 1%

• 3%

• 4%

How has Brexit affected the US economy according to the transcript?

• It has led to a major economic boom in the US.

• It has caused a recession in the US.

• It has had a minimal impact on the US economy.

• It has significantly boosted the US economy.

What is a challenge faced by the banking industry due to low yields?

• Increased interest rates

• Higher net interest margins

• Compressed nominal US yields

• Decreased demand for loans

What is suggested as a necessary change for the US to improve its economic environment?

• Faster productivity growth

• Lower interest rates

• Higher taxes

• Increased government spending

What is the potential long-term impact of Brexit on the UK according to the transcript?

• No impact at all

• A long negotiation period with potential positive outcomes

• A quick resolution with the EU

• Immediate economic collapse