U.S. on Path to Accelerated Recovery, Says JPMorgan's Michele

The transcript discusses the confidence in the Federal Reserve's role in economic recovery, highlighting the impact of fiscal stimulus and monetary policy. It analyzes market dynamics, yield trends, and compares the economic recovery paths of the US and Europe. The discussion also covers future economic outlooks, including GDP growth predictions and potential fiscal policies.

What is the role of the Federal Reserve in the current economic recovery?

• To halt all monetary policies

• To reduce government spending

• To ensure recovery continues to accelerate

• To increase interest rates

What is the expected range for the 10-year yield according to the discussion?

• 1.6 to 1.9%

• 1.0 to 1.2%

• 1.3 to 1.5%

• 2.0 to 2.5%

What was the last time a similar magnitude of yield movement was observed?

• January 2018

• March 2020

• November 2016

• July 2012

What is the expected GDP growth for 2021 according to the median forecast?

• 6.5%

• 5%

• 7%

• 3.6%

How have central banks' roles changed according to modern monetary theory?

• They increase taxes

• They focus on austerity measures

• They print money and buy debt

• They reduce fiscal transfers