ECB's Draghi, Fed's Yellen Testify: What to Expect

The video discusses the current state of credit easing in Europe, highlighting the need for fiscal and structural policies to aid recovery. It covers the ECB's liquidity auction and its limited impact on solving economic issues. The strength of the euro amidst Brexit and its implications for the ECB are analyzed. The video concludes with a discussion on the US economic outlook, focusing on Janet Yellen's dovish stance and the fluctuating interest rate policies.

What is the main message regarding the role of fiscal policy in economic recovery?

• Fiscal policy should be reduced.

• Monetary policy alone is sufficient.

• Fiscal policy should complement monetary policy.

• Fiscal policy is unnecessary for recovery.

What is the purpose of the ECB's targeted long-term refinancing operation?

• To reduce fiscal deficits.

• To provide liquidity to banks at low rates.

• To strengthen the euro.

• To increase interest rates.

Why is a lower euro considered beneficial for Europe?

• It helps boost European exports.

• It increases import costs.

• It reduces inflation.

• It strengthens the dollar.

What does the Bloomberg pound index indicate about the pound's strength?

• The pound shows strength against the dollar but is weak overall.

• The pound has reached new highs.

• The pound is unaffected by Brexit.

• The pound is at its weakest in years.

What has been Janet Yellen's recent stance on economic policy?

• She has been consistently hawkish.

• She has shifted to a more dovish stance.

• She has maintained a neutral stance.

• She has focused solely on fiscal policy.