Trump Sets Sights on Janet Yellen and 'Political' Fed

The transcript discusses the potential impact of political changes on the Federal Reserve, particularly focusing on Janet Yellen's role and the Fed's decision-making process. It highlights the balance between dovish and hawkish members, the influence of political pressure, and the Fed's efforts to maintain independence. The discussion also touches on the potential for a recession and the implications of a more proactive fiscal policy under Trump.

What is one potential change in monetary policy approach if a new Fed chairperson is appointed?

• Higher interest rates

• Focus on international trade

• Increased use of unconventional policy tools

• More clarity in policy path

What characterizes the core members of the Federal Reserve as of 2017?

• Dovish

• Neutral

• Aggressive

• Hawkish

How might the Fed's decision-making process be affected by a change in leadership?

• It would become more centralized

• It would remain the same due to the dovish core

• It would become more aggressive

• It would focus more on international policies

What is the Fed's stance on political pressure during the 2016 election period?

• The Fed will focus on international relations

• The Fed is likely to change its policies

• The Fed aims to remain independent from political agendas

• The Fed will align with the political party in power

What potential policy shift might occur if Trump wins the presidency?

• A decrease in fiscal policy

• A reduction in interest rates

• A more proactive fiscal policy

• A focus on international trade agreements