Yellen to Have Smooth Relationship With Fed Says Blinder

The transcript discusses Janet Yellen's role as Treasury Secretary, highlighting her understanding of the Federal Reserve and potential for a smooth relationship with it. It explores political challenges she may face, particularly from Republicans, and the need for cooperation in economic recovery. The discussion includes the potential for a wealth tax and other economic policies, as well as trade relations with China, emphasizing the importance of addressing intellectual property issues.

What advantage does Janet Yellen have as Treasury Secretary in relation to the Federal Reserve?

• She has a deep understanding of the Fed and markets.

• She has previously worked with Jay Powell.

• She has experience in international diplomacy.

• She has a strong political background.

What is a potential challenge Yellen might face from Republicans?

• Lack of cooperation in policy implementation.

• Opposition to her appointment.

• Disagreement on foreign policy.

• Resistance to tax reforms.

What is a key focus of Yellen's economic strategy?

• Addressing the K-shaped recovery.

• Increasing military spending.

• Reducing international trade.

• Implementing a wealth tax immediately.

How does Yellen view the K-shaped recovery?

• As a problem that only affects the wealthy.

• As a new phenomenon caused by the pandemic.

• As an existing issue that was not previously highlighted.

• As a temporary economic trend.

What is Yellen's stance on a wealth tax?

• She believes it is unnecessary.

• She plans to implement it immediately.

• She has not indicated support for it.

• She is strongly in favor of it.

What is a commonality between the Trump and Biden administrations regarding China?

• Both administrations withdrew from international agreements.

• Both administrations prioritize domestic issues over international trade.

• Both administrations seek to address China's rule-breaking behavior.

• Both administrations aim to improve trade relations.

What was a missed opportunity in U.S.-China relations during Trump's presidency?

• Strengthening military alliances.

• Joining the TPP.

• Increasing tariffs on Chinese goods.

• Signing a new trade agreement.