Inevitable That Trump Would Turn Attention to Fed, Says Blanchflower

The transcript discusses the historical context of the Federal Reserve's role in the economy, comparing past and present actions. It highlights potential mistakes by the Fed, particularly in raising interest rates, and the impact of these decisions on economic growth. The discussion also covers President Trump's influence on the Fed and the economy, debating the independence of the Fed and the consequences of its actions. The transcript concludes with a future economic outlook, suggesting a high probability of a recession in the next two years.

What historical figure is mentioned in relation to economic policies and the Federal Reserve?

• Ben Bernanke

• Alan Greenspan

• Arthur Burns

• Janet Yellen

What is a key concern regarding the Federal Reserve's actions discussed in the second section?

• The Fed's lack of transparency

• The Fed's decision to lower interest rates

• The Fed's independence being compromised

• The Fed's focus on international markets

Who is suggested to potentially push back against the president's influence on the Fed?

• The Vice President

• The Secretary of State

• Chairman Powell

• The Supreme Court

What is the likelihood of a US recession in the next two years according to the speaker?

• 70%

• 50%

• 90%

• 30%

What is the significance of June 2019 mentioned in the third section?

• The end of a trade agreement

• A major policy change by the Fed

• The start of a new fiscal year

• The longest economic recovery ever