Fed's Brainard Says Harvey to Impact Payrolls Short-Term

The video discusses the synchronized global economic growth and the impact of Hurricane Harvey on the economy. It highlights the disconnect between full employment and low inflation, and the ongoing normalization of the federal funds rate. Business investment has increased, particularly in equipment and intellectual property, while consumer spending has rebounded after a slow start. The economic effects of Hurricane Harvey are expected to affect GDP in the short term, with a rebound anticipated by year-end.

What are some of the uncertainties clouding the global economic outlook?

• Government funding and fiscal outlook

• Rising inflation rates

• Decreasing oil prices

• Technological advancements

What is the notable disconnect mentioned in the labor market section?

• Full employment and high GDP growth

• Low employment and high inflation

• Full employment and low inflation

• High employment and high inflation

What is the Federal Reserve's target inflation rate?

• 1%

• 2%

• 3%

• 4%

What positive development in business investment is highlighted?

• Decrease in intellectual property investment

• Increase in equipment and intellectual property investment

• Stagnation in oil drilling

• Decline in consumer spending

How is Hurricane Harvey expected to affect the GDP in the current quarter?

• It will cause a permanent decline

• It will have no effect

• It will have a notable effect with a rebound expected by year-end

• It will lead to a significant increase