BNP Paribas' Shing Says Yellen in a Difficult Position

Janet Yellen discusses the shift in the Federal Reserve's focus from post-crisis economic healing to maintaining progress. The Fed aims to ease support as it nears full employment and 2% inflation. Yellen emphasizes a neutral monetary policy stance, allowing the economy to maintain stability without aggressive intervention. The discussion includes the Fed's position, market impacts, and challenges in policy decisions, such as low unemployment and patchy economic growth. The Trump administration's policy expectations, including tax cuts and infrastructure spending, are also analyzed.

What is the Federal Reserve's new focus according to Janet Yellen?

• Reducing inflation to 1%

• Decreasing employment rates

• Increasing economic stimulation

• Maintaining economic progress

What is the current stance of the Federal Reserve's monetary policy?

• Reducing interest rates

• Maintaining a neutral stance

• Increasing the balance sheet

• Aggressively stimulating the economy

What economic indicator suggests the need for rate hikes?

• Decreasing consumer spending

• Full employment

• Negative wage growth

• High unemployment rate

What challenge has the Trump administration faced in policy implementation?

• Successful healthcare reform

• Failure to repeal Obamacare

• Immediate tax reform success

• Rapid infrastructure spending

What strategy is suggested for the Trump administration to boost the economy?

• Simplifying tax cuts

• Implementing complex tax reforms

• Focusing on healthcare reform

• Increasing interest rates