Fed's Kaplan: 'Jury Is Out' on Avoiding a More Severe Economic Slowdown

The transcript discusses the economic growth forecast for 2020, predicting a growth rate between 1.7% and 2%. Businesses are maintaining flexibility due to policy uncertainties, delaying new projects but not cutting back existing operations. They are cautious of a potential broader economic slowdown, which could lead to further actions and exacerbate the situation. The Federal Reserve's actions in July and September are noted as positive steps, but the economic outlook remains uncertain.

What is the expected economic growth rate for 2020 according to the forecast?

• 1.5% to 1.7%

• 1.7% to 2%

• 2% to 2.5%

• 2.5% to 3%

How are businesses reacting to the current economic uncertainty?

• They are increasing their workforce.

• They are staying flexible and delaying new projects.

• They are cutting back on existing projects.

• They are expanding rapidly.

What are businesses closely monitoring that could lead to further action?

• International trade agreements

• Stock market trends

• Consumer behavior

• Government elections

What action did the Federal Reserve take to address the economic situation?

• Implemented new taxes

• Increased interest rates

• Took action in July and September

• Reduced government spending

What is the speaker's view on the potential for a severe economic slowdown?

• It is inevitable.

• It has already started.

• It is unlikely to happen.

• It can be averted, but the outcome is uncertain.