Gross: Pension Funds, Household Savers in Deep Doo Doo

The transcript discusses Janet Yellen's upcoming speech and the Federal Reserve's stance on interest rates. It highlights Yellen's shift from a hawkish to a dovish position and her inclination to increase rates in the coming months. The influence of Fed governors on normalizing interest rates is examined, along with the potential negative impact of low rates on business models and long-term growth. The transcript predicts one or two rate hikes in 2016 and 2017, emphasizing the challenges faced by financial institutions and savers if rates remain low.

What change in stance has Janet Yellen shown regarding interest rates?

• From dovish to neutral

• From dovish to hawkish

• From neutral to hawkish

• From hawkish to dovish

What is the belief of some Fed governors regarding low interest rates?

• They are neutral for business models

• They have no impact on the economy

• They are destructive for long-term growth

• They are beneficial for short-term growth

What is Janet Yellen expected to suggest about interest rate hikes?

• Immediate normalization of rates

• No hikes in the near future

• A decrease in interest rates

• One or two hikes over the balance of 2016

Which financial entities are mentioned as being affected by low interest rates?

• Tech companies and retailers

• Insurance companies and banks

• Government agencies and NGOs

• Startups and small businesses

What is the potential consequence for household savers if interest rates remain low?

• Higher returns on investments

• Deep financial trouble

• Stable financial growth

• Increased savings