Fed's Hawkish Rate Cut Suggests Fed Went Too Far in December, Economist Swonk Says

Fed's Hawkish Rate Cut Suggests Fed Went Too Far in December, Economist Swonk Says

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the Federal Reserve's hawkish stance in December and how Powell's perspective suggests a shift in economic expectations. The promise of rate cuts instead of hikes is highlighted as crucial for economic performance. Internal dissonance within the Fed is noted, showing independence from external influences. Powell's repeated uncertainty is also discussed, indicating hesitancy in decision-making.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What significant change did the Federal Reserve make in its economic strategy?

Increased the number of rate hikes

Introduced new economic policies

Shifted from rate hikes to potential cuts

Decided to maintain the current rates

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why was the promise of rate cuts necessary according to the transcript?

To increase inflation

To maintain economic performance

To decrease unemployment

To stabilize the stock market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the internal disagreement within the Federal Reserve indicate?

Diverse opinions and independence

A unified stance on economic policies

Complete agreement with the White House

A focus on international markets

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Powell's approach differ from external influences?

He prioritizes international opinions

He marches to his own drum

He aligns with market expectations

He follows the White House's directives

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What aspect of Powell's statements made the narrator uneasy?

His certainty about future policies

His alignment with market trends

His focus on international issues

His frequent expressions of uncertainty