Mnuchin Says Yellen Hasn't Decided on Staying at Fed Yet

Mnuchin Says Yellen Hasn't Decided on Staying at Fed Yet

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Interactive Video

Business, Social Studies, Life Skills

University

Hard

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The transcript discusses the process of selecting the Federal Reserve chair, with the President's involvement. It highlights the ongoing considerations for the Vice Chair position, including the lack of specific criteria. The future of Jenny Ellen as a governor is uncertain, and there are concerns about the Federal Reserve board's composition. The administration aims to fill positions quickly. The Treasury's strategy for managing the debt ceiling is also discussed, with plans to ensure financial stability through January.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What guidance was set regarding the government's ability to pay its bills?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What assumptions are involved in the tax collections and spending mentioned in the text?

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