Blinder Worries 6% Fed Funds Rate May Be 'Overdoing It'

The video discusses the challenges in interpreting data post-pandemic, highlighting how previous data relationships have broken down. It examines the unexpected trends in the labor market despite significant interest rate hikes by the Federal Reserve. The speaker expresses concern over the potential overdoing of interest rate increases, questioning the implications of a terminal rate exceeding 6%.

What has the pandemic done to the data relationships we previously understood?

• Had no effect

• Made them more predictable

• Turned the light out on them

• Strengthened them

What unexpected trend is observed in the labor market despite the Federal Reserve's actions?

• Increase in unemployment rate

• Decrease in unemployment rate

• Fluctuating unemployment rate

• Stable unemployment rate

How long has the Federal Reserve been raising interest rates?

• Three years

• Almost a year

• Two years

• Six months

What is the speaker's stance on a terminal rate of more than 6%?

• Fully supportive

• Indifferent

• Worried it might be excessive

• Excited about the potential

What is the speaker's level of enthusiasm for a 6.5% peak rate?

• Highly supportive

• Not enthusiastic

• Neutral

• Very enthusiastic