Fed Doesn't Know How to End Asset Purchases: Economist Swonk

The video discusses the Federal Reserve's challenges with asset purchases, highlighting internal debates and uncertainties about future actions. It also covers the Fed's approach to climate change as a financial risk and its empathetic stance on the economic impact of COVID-19, emphasizing long-term concerns and vaccine optimism.

What was the main issue discussed regarding the Federal Reserve's asset purchases?

• The Fed's agreement on purchase strategies

• The Fed's decision to stop all asset purchases

• The Fed's uncertainty in managing asset purchases

• The Fed's clear plan for future purchases

How did the Fed chairman feel about discussing asset purchases?

• Indifferent and neutral

• Confident and assured

• Excited and optimistic

• Uncomfortable and uncertain

What is the Fed's stance on climate change according to the chairman?

• It is a resolved issue

• It is an emerging risk to bank balance sheets

• It is solely Congress's responsibility

• It is not a concern for the Fed

How does the Fed chairman view the impact of COVID-19 on households?

• As a minor inconvenience

• As a significant concern with long-term effects

• As an opportunity for economic growth

• As a resolved issue with no further impact

What contrasting views exist within the Fed regarding the economic outlook post-COVID-19?

• The Fed is undecided on any outlook

• All members agree on a pessimistic outlook

• Some see long-term scarring while others are optimistic with vaccines

• There is unanimous agreement on a quick recovery