Adam Posen: Brexit Isn't a Game Changer for the Fed

The transcript discusses the impact of Brexit on the US and UK economies, highlighting the strengthening of the US dollar and potential interest rate cuts in the UK. It also covers the effects on the US housing market due to capital flows and debates the resilience of the Eurozone in the face of Brexit. The discussion includes perspectives on economic challenges and potential adaptations for the Eurozone.

What is the primary effect of Brexit on the US economy as discussed in the video?

• Increase in US exports

• Strengthening of the US dollar

• Rise in US inflation

• Decrease in US employment

How might the US housing market benefit from Brexit according to the video?

• Lower mortgage rates

• Increase in housing stock

• Higher property taxes

• More government subsidies

What economic action is Mark Carney likely to take in response to Brexit?

• Introduce quantitative easing

• Implement new taxes

• Decrease interest rates

• Increase interest rates

What is the general consensus about the eurozone's resilience post-Brexit?

• It is highly vulnerable

• It is more resilient than expected

• It will collapse

• It will remain unchanged

What is a potential limitation of the UK's economic response to Brexit?

• Unlimited borrowing capacity

• Limited ability to cut interest rates

• Excessive foreign investment

• High inflation rates