Fischer Signals Rate Hike in 2016: Does Yellen Agree?

The transcript discusses the Federal Reserve's stance on employment and inflation, highlighting Stan Fischer's hawkish views and John Williams' comments on rethinking inflation targets. It explores the potential risks of changing inflation targets and examines global risks, noting the US economy's resilience to external shocks like Brexit.

What was the main focus of Stan Fischer's speech at the Fed Conference?

• The resilience of the labor market

• The need for immediate policy changes

• The impact of global risks on the US economy

• The proximity to employment and inflation targets

How does John Williams' view on inflation targets differ from the past committee stance?

• He proposes immediate policy shifts

• He supports a rapid change in targets

• He suggests a long-term discussion on reevaluation

• He believes inflation targets should remain unchanged

What is a potential risk of frequently changing inflation targets according to the discussion?

• It could increase employment rates

• It would stabilize the economy

• It might cause confusion and loss of credibility

• It could lead to higher inflation rates

What has been the US economy's response to global risks according to the transcript?

• It has led to increased inflation

• It has become more dependent on Europe

• It has shown resilience

• It has been severely affected

What is the current stance of policymakers on global risks?

• They are unpredictable and need constant monitoring

• They require immediate action

• They are no longer a major concern

• They are the primary concern