Powell Says It's Hard to Say Whether Regulatory Changes Are Helping Economy

The video discusses the US economy's unexpected ability to achieve 3% growth despite predictions to the contrary. It highlights the longest economic expansion since the Great Depression and examines factors contributing to this growth, such as tax cuts and fiscal policies. The potential long-term supply side effects and the role of regulatory reform are also explored, emphasizing the complexity of isolating these impacts.

What was surprising about the US economy's growth during the long recovery period?

• It was expected to remain stable.

• It was expected to fluctuate.

• It was expected to grow faster.

• It was expected to decline.

Which factor was mentioned as supporting demand and contributing to economic growth?

• Increased exports

• Tax cuts

• Higher interest rates

• Reduced government spending

What is the anticipated long-term effect of tax cuts according to the discussion?

• Permanent reduction in unemployment

• Immediate increase in inflation

• Short-term economic decline

• Supply side effects over time

What challenge is associated with assessing the impact of regulatory reforms on growth?

• Overwhelming public opposition

• Lack of data

• Insufficient government support

• Difficulty in isolating effects

What is the desired characteristic of regulation according to the discussion?

• To be more burdensome

• To be as costly as possible

• To be no more burdensome than necessary

• To be completely eliminated