Former Dallas Federal Reserve Chief Kaplan Expects 'Pause' Next Week

The video discusses the current economic outlook, focusing on fiscal policy, oil prices, and energy policy. It highlights the resilience of the economy due to fiscal spending and the challenges posed by high oil prices and a tight labor market. The discussion also covers the Federal Reserve's monetary policy, its impact on inflation, and the potential for a wage-price spiral, especially among lower-income workers.

What is one reason the Fed might consider a hawkish pause?

• Rising unemployment rates

• Resilient economy due to fiscal spending

• Decreasing oil prices

• Stable inflation rates

What is a consequence of limiting fossil fuel production in the U.S.?

• Decreased oil prices

• Vulnerability to oil price spikes

• Increased global oil supply

• Reduction in inflation

How does a tight labor market affect negotiations?

• It strengthens labor's negotiating position

• It has no effect on negotiations

• It weakens labor's negotiating position

• It leads to lower wages

What is the estimated neutral rate according to the transcript?

• 1/4 to 1/2

• 3/4 to 1

• 1 to 1 1/4

• 1/2 to 3/4

What is a factor contributing to the wage-price spiral?

• Low inflation rates

• Tight labor market and higher oil prices

• Stable oil prices

• Decreasing government spending