Fed Chair Yellen Preps for Two Days of Capitol Hill Q&A

The transcript discusses the Federal Reserve's current economic policies, including interest rate hikes and balance sheet management. It highlights Congress's concerns about economic stimulus and the Fed's future leadership, particularly regarding Janet Yellen's position. The potential impact of rate hikes on the dollar and global economy is also explored, with references to the ECB's actions.

What is one of the main concerns of Congress regarding the Federal Reserve's future actions?

• The timing and extent of future interest rate hikes

• The role of technology in banking

• The impact of climate change on the economy

• The introduction of a new currency

What political challenge might Janet Yellen face during her hearings?

• Discussions on her educational background

• Inquiries about her future and potential replacement

• Questions about her stance on climate change

• Concerns about her views on cryptocurrency

What factor is causing concern about raising short-term rates too quickly?

• The potential impact on the housing market

• The effect on the dollar's value

• The impact on technological innovation

• The influence on global oil prices

What is the European Central Bank expected to discuss in the fall?

• Tapering its balance sheet purchases

• Introducing a new currency

• Reducing inflation targets

• Increasing interest rates

What might keep the dollar differential down according to the discussion?

• The rest of the world normalizing their economies

• An increase in international trade agreements

• A decrease in global oil prices

• A rise in global stock markets