Zentner Says Fed Ignored 'Hurricane Noise'

The video discusses the impact of hurricanes on GDP growth, highlighting that while there is a temporary slowdown, positive activity often follows. The FOMC statement is analyzed, noting that the market expects a rate hike in December despite hurricane effects. The discussion shifts to the potential regime change with Yellen's successor and how they might influence monetary policy. The video concludes with speculation on future policy directions, emphasizing the importance of maintaining a gradual path for rate changes.

What is the expected GDP growth rate for the third quarter despite the hurricane noise?

• 2.0%

• 2.2%

• 2.5%

• 1.7%

How does the Federal Reserve typically address hurricanes in their statements?

• They ignore them completely.

• They mention them in the first paragraph.

• They focus on them in the conclusion.

• They issue a separate statement.

What decision did the Federal Reserve make regarding interest rates in December?

• To lower them

• To keep them unchanged

• To hike them

• To eliminate them

What is a potential change a new Federal Reserve chairperson might implement?

• Eliminate the balance sheet

• Change the path of interest rates

• Do away with the dots

• Increase the number of meetings

What is a characteristic often associated with someone taking the position of Federal Reserve chairperson?

• A focus on international policy

• A preference for low interest rates

• A large ego

• A lack of experience