Divisions in the U.S. Are Very Real: Peterson Institute

The transcript discusses the challenges faced by President Biden in reversing Trump-era policies, particularly through executive orders, and the difficulty in uniting a divided nation. It explores global trade issues, multilateralism, and the changing nature of globalization, highlighting the role of China and the US. The discussion also covers economic policies, including the Fed's stance and the Bank of England's actions, with a focus on the impact of Brexit.

What is one of the main challenges President Biden faces in reversing Trump administration policies?

• Healing political divisions

• Lack of executive power

• International pressure

• Support from the Senate

Which two issues are most likely to find bipartisan agreement according to the discussion?

• Aggressive stance towards China and vaccine distribution

• Immigration policy and education

• Environmental policy and infrastructure

• Healthcare reform and tax cuts

How has globalization changed according to the discussion?

• It has completely stopped

• It has become more focused on manufacturing

• It has shifted from goods trade to services

• It has become more centralized

What is one of the main reasons for the unevenness in globalization?

• Increased tariffs

• US withdrawal from global leadership

• Technological advancements

• Rise of new global powers

What potential role does China have in global multilateral efforts?

• A declining influence

• A regional power only

• A passive observer

• A new kind of liberal champion

What economic policy is the Bank of England expected to implement?

• Increase interest rates

• Adopt a fixed exchange rate

• Stop quantitative easing

• Move to negative rates

What is the Fed's current stance on promoting economic recovery?

• Relying on fiscal policy

• Actively using all available tools

• Reducing government spending

• Increasing interest rates