Central Bank Screw-Up Is a Big Risk: Economist

The transcript discusses the risks of economic slowdown and potential policy mistakes that could lead to a recession. It highlights the exhaustion of current policies and the potential role of fiscal policy in the US economy. The discussion also critiques political candidates for not addressing long-term sustainability and deficit reduction, while emphasizing the importance of maintaining the Federal Reserve's independence. The need for changes in tax code and infrastructure spending is also mentioned.

What is a major risk mentioned in the first section that could lead to a recession in the US economy?

• Over-raising interest rates too quickly

• Increasing government spending

• Expanding trade agreements

• Reducing taxes

According to the second section, what is a common theme among political candidates regarding economic policy?

• They avoid discussing long-term fiscal sustainability

• They focus on short-term gains

• They prioritize environmental policies

• They emphasize international relations

What is the global reaction to current policy leaders as mentioned in the second section?

• Increased support for current leaders

• Desire to replace them without considering consequences

• Focus on technological advancements

• Satisfaction with economic progress

Which candidate is noted for supporting the independence of the Federal Reserve?

• Donald Trump

• Joe Biden

• Bernie Sanders

• Hillary Clinton

Why is the independence of the Federal Reserve considered important according to the third section?

• It ensures low inflation rates

• It prevents poor economic policies

• It promotes international trade

• It guarantees high employment