Rosengren Says Fed Patience Means Being Consistent With Dual Mandate

The video discusses economic forecasts, emphasizing the need for clarity and consistency with dual mandates. It explores potential outcomes, such as a strong GDP and decreasing unemployment, despite weaker financial data suggesting a slowdown. The speaker highlights the importance of understanding discrepancies between economic indicators and acknowledges the volatility and differing views of financial markets.

What is the speaker's main focus when discussing economic forecasts?

• Predicting exact GDP growth

• Ensuring clarity and consistency

• Reducing unemployment to zero

• Increasing financial market volatility

What does the speaker suggest about the unemployment rate in the future?

• It will become unpredictable

• It will increase significantly

• It will remain stable

• It will drift down

How does the speaker describe the financial data compared to economic forecasts?

• Both are equally weak

• Financial data is stronger

• Financial data is weaker

• Both are equally strong

What does the speaker acknowledge about their forecasts?

• They are universally accepted

• They are always accurate

• They can be quite wrong

• They are never challenged

What is the speaker's view on the recent financial market trends?

• They are stable and positive

• They are improving rapidly

• They are negative and volatile

• They are predictable and steady