Larry Summers Says Fed Tilt to Avoid Downturn 'Broadly Appropriate'

Larry Summers Says Fed Tilt to Avoid Downturn 'Broadly Appropriate'

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the reserve policy amidst declining interest rates, highlighting the risks of monetary policy being too tight, which could lead to a recession, versus being too easy, which could cause inflation. The speaker admires Jay Powell's approach and supports the US monetary policy's focus on preventing downturns in 2019. It is emphasized that a sound global economy requires more than just monetary policy, with fiscal and structural policies playing crucial roles in promoting demand.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the speaker's opinion on the current US monetary policy in 2019?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

According to the speaker, what should the world economy depend on beyond monetary policy?

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