Gross: June Likely Time for One of Two Fed Rate Hikes

The transcript discusses potential interest rate hikes by the Federal Reserve, focusing on wage growth and unemployment rates. It critiques traditional economic models like the Phillips curve, highlighting the impact of participation rates. The conversation shifts to productivity and efficiency, questioning their role in job creation and economic growth, with references to Bill Gross's career.

What factors are influencing the potential for a June interest rate hike by the Federal Reserve?

• Housing market trends

• Wage growth and job creation

• Global oil prices

• Stock market performance

How does the political climate affect economic decisions according to the transcript?

• It stabilizes the economy

• It contributes to economic uncertainty

• It accelerates economic growth

• It has no effect

What economic model is critiqued for being outdated in the transcript?

• Supply and demand

• Phillips curve

• Keynesian economics

• Monetarism

What is the more realistic unemployment rate mentioned in the transcript?

• 12%

• 9.9% to 10%

• 7%

• 5%

What is the trend in productivity growth over the last five years according to the transcript?

• It has declined dramatically

• It has fluctuated unpredictably

• It has remained stable

• It has increased significantly