El-Erian Says Yield-Curve Move Won't Impact Fed

The transcript discusses the Federal Reserve's potential shift in language and its impact on market expectations. It highlights differing views on the Fed's policy, with some urging quicker easing and more serious consideration of inflation. The conversation also touches on the growing recognition of inflation concerns and the need for policy adjustments, with more economists and Fed members acknowledging these issues.

How does the news affect the ECB and the Fed differently?

• Neither is affected by the news.

• Both are equally influenced.

• The ECB is influenced, while the Fed is informed.

• The ECB is informed, while the Fed is influenced.

What is the growing sentiment among economists regarding the Fed's stance on inflation?

• The Fed should dismiss inflation as transitory.

• The Fed should maintain its current policy.

• The Fed should take inflation more seriously and adjust policies.

• The Fed should focus on other economic indicators.

Who among the following has recently joined the camp urging the Fed to act on inflation?

• Ben Bernanke

• Jerome Powell

• Janet Yellen

• James Bullard

What is the concern of those urging the Fed to act on inflation?

• The Fed is ignoring global economic trends.

• The Fed is focusing too much on employment.

• The Fed is not reacting quickly enough to inflation.

• The Fed is overreacting to inflation.

What risk does the Fed face according to the discussion on inflation dynamics?

• Underestimating the strength of the dollar.

• Overstimulating the economy.

• Making a policy mistake by ignoring inflation.

• Focusing too much on international markets.