Fed's Mester on U.S. Economy, Coronavirus Risk and Rates

The transcript discusses the current state of the US economy, highlighting consumer strength and manufacturing stabilization. It addresses the potential risks posed by the coronavirus, particularly its impact on global and US economies. The discussion covers the effects of trade deals, monetary policy, and inflation expectations. It also explores the Federal Reserve's stance on digital currency and market actions, emphasizing the importance of Fed independence and potential future monetary tools.

What are the potential benefits and risks of issuing a digital currency by the Fed?

What tools does the speaker suggest might be used in the next recession?

How does the speaker view the independence of the Federal Reserve in relation to fiscal policy?

What is the speaker's stance on the use of negative interest rates in the US economy?