Fed's Kaplan: Brexit to Factor in June Rate Decision

The transcript discusses the potential impact of Brexit on the US Federal Reserve's decision-making process regarding interest rates. It highlights the uncertainty surrounding Brexit, especially due to unreliable polls, and the challenges in assessing its impact. The conversation also touches on the possible global economic implications if the UK votes to leave the EU, including effects on the UK currency and broader economic instability.

What is the main factor that could influence the US Federal Reserve's decision on interest rates in June?

• The state of the US economy

• The Brexit vote

• The weather conditions in June

• The outcome of the US presidential election

Why is it challenging to make an assessment based on polls regarding Brexit?

• Polls are too expensive to conduct

• Polls are not conducted frequently

• Polls are often unreliable

• Polls are only available in certain regions

What is one potential impact on the UK if it leaves the European Union?

• Strengthening of the UK currency

• Increased political stability

• Immediate economic growth

• Ripple effects on other countries

How does the speaker feel about the likelihood of Brexit happening?

• It is very likely to happen

• It is more likely than not to happen

• It is more likely than not not to happen

• It is certain to happen

What does the speaker suggest will be necessary if Brexit occurs?

• Immediate action without analysis

• A period of time to digest the situation

• Ignoring the event entirely

• Celebrating the decision