Why Is Trump Backtracking on Campaign Policies?

The transcript discusses Donald Trump's potential influence on the Federal Reserve through his appointments, his New York Times interview where he appeared more moderate and backtracked on several campaign promises, and the challenges he faces in filling key cabinet positions. It also explores the implications of his economic policies, including tax cuts and infrastructure spending, on inflation and the Fed's independence.

What significant change could Trump make to the Federal Reserve Board of Governors?

• Increasing the number of governors

• Reducing the number of governors

• Replacing Janet Yellen and Stanley Fischer

• Appointing new governors to replace all current members

In his New York Times interview, what did Trump say about Hillary Clinton?

• He would pursue legal action against her

• He would support her future political campaigns

• He would not pursue her over her emails

• He would appoint her to his cabinet

What was one of the major topics Trump backtracked on during his New York Times interview?

• His intention to lower taxes

• His promise to build a border wall

• His plan to increase military spending

• His stance on the Paris climate agreement

What are the three major uncertainties regarding Trump's policies?

• Fiscal policy, Federal Reserve's future, and trade policy

• Healthcare, education, and immigration

• Environmental policy, healthcare, and education

• Military strategy, foreign aid, and space exploration

What is expected to be a major component of Trump's fiscal policy?

• Increased tariffs on imports

• Reduction in military spending

• Significant tax cuts

• Expansion of social welfare programs

What challenge is Trump facing in appointing a Treasury Secretary?

• Budget constraints

• Lack of qualified candidates

• Opposition from Congress

• Conflicting reports about candidates' interest

Why is the appointment of a Treasury Secretary particularly important for Trump?

• It will impact his healthcare reform plans

• It will influence the makeup of the Federal Reserve

• It will decide the future of the military budget

• It will determine the success of his foreign policy