Epoch CEO Priest Sees a Global Struggle to 2% Growth

The video discusses the Federal Reserve's dual mandate of ensuring economic growth and controlling inflation. It highlights the impact of global issues like Brexit and oil on investments. The transition from a physical to a digital economy is explored, emphasizing the substitution of technology for labor and its effects on inflation and job displacement. The discussion concludes with the potential benefits of technology despite transitional challenges.

What are the two main objectives of the Federal Reserve as discussed in the video?

• Ensuring real growth and controlling inflation

• Increasing interest rates and reducing unemployment

• Promoting exports and stabilizing currency

• Regulating banks and managing public debt

According to the video, what are the two primary factors that drive real GDP?

• Interest rates and government spending

• Export levels and currency value

• Workforce growth and productivity

• Consumer confidence and inflation

What is the significant shift in the global economy mentioned in the video?

• From a world of atoms to a world of bits

• From a manufacturing economy to a service economy

• From a cash-based economy to a credit-based economy

• From a local economy to a global economy

How does the substitution of technology for labor affect profit margins, according to the video?

• It increases profit margins

• It decreases profit margins

• It stabilizes profit margins

• It has no effect on profit margins

What does the video suggest about the relationship between technology and inflation?

• Technology will cause inflation to rise significantly

• Technology will have no impact on inflation

• Technology will help keep inflation low

• Technology will lead to deflation