Peter Fisher Says Fed in Holding Pattern, Not Done With Stimulus

The discussion revolves around whether the Federal Reserve (Fed) has completed its actions in response to economic challenges. The speaker believes the Fed is not done and highlights the Fed's ability to print money without much constraint. The Fed has shifted focus to fiscal authorities, urging Congress to take action on fiscal stimulus. The Fed is currently in a holding pattern, assessing the trend rate of growth, which is expected to be lower and slower, as warned by the IMF.

What is the speaker's opinion on whether the Fed is finished with its actions?

• The Fed is out of resources.

• The Fed is not done and can print more money.

• The Fed has limited options left.

• The Fed is definitely done.

What message has Chairman Powell conveyed to Congress according to the speaker?

• Congress should cut taxes.

• The Fed should reduce interest rates.

• Fiscal stimulus is necessary.

• The Fed should take more actions.

Why has the Fed acted quickly according to the speaker?

• To increase inflation.

• To decrease unemployment.

• To stabilize the stock market.

• To shift focus to fiscal authorities.

What is the current stance of the Fed as mentioned by the speaker?

• Aggressively increasing interest rates.

• Expanding its balance sheet.

• In a holding pattern.

• Rapidly reducing inflation.

What warning has the IMF given regarding economic growth?

• Growth will be unpredictable.

• Growth will remain stable.

• Growth will be lower and slower.

• Growth will be rapid and robust.