Austan Goolsbee Says Fed’s Itching to Raise Rates

The transcript discusses the potential for an interest rate hike by the Fed, the competing tax plans within the GOP, and advice for President Trump on corporate tax reform. It also covers the challenges of funding infrastructure projects, highlighting a shift in Trump's campaign promises from direct spending to enabling infrastructure through tax credits.

What is the Federal Reserve's stance on interest rates according to the discussion?

• They have decided to keep rates constant.

• They are hesitant to change rates.

• They are eager to raise rates.

• They are planning to lower rates.

What is a major focus of Kevin Hassett's advice to President Trump?

• Environmental policies

• Healthcare reform

• Corporate tax reform

• Increasing military spending

What is the controversial aspect of the border adjustment tax?

• It only affects small businesses.

• It reduces taxes on imports.

• It eliminates corporate income tax and taxes consumers.

• It increases taxes on exports.

What change in wording did Trump make regarding infrastructure funding?

• From enabling to directly funding a trillion dollars

• From a trillion dollars to enabling a trillion dollars

• From tax credits to direct government spending

• From private to public projects

What is the proposed funding source for infrastructure projects?

• Cutting military spending

• Sales tax increase

• Repatriated foreign earnings tax

• Increased income taxes