The Calm Before the Yellen Storm

The transcript discusses the ongoing protests against central bank policies, questioning whether these policies benefit only the elites or the broader population. It highlights the shift in conference focus from Wall Street to academic perspectives, with a key topic being future monetary policy strategies. There is skepticism about Janet Yellen providing clear direction on rate increases, with expectations that she will maintain a data-dependent approach. The discussion also touches on the impact of dollar strength on monetary policy decisions.

What is the main concern of the protest groups regarding the Fed's monetary policy?

• It has increased inflation significantly.

• It has caused a decrease in stock market values.

• It has primarily benefited the wealthy.

• It has reduced unemployment too quickly.

What is the recent trend in the conference's focus?

• Shifting towards academic perspectives.

• Increasing Wall Street's influence.

• Emphasizing technological advancements in banking.

• Focusing on international trade policies.

What is one of the main topics discussed at the conference?

• The impact of climate change on banking.

• The influence of social media on stock markets.

• Alternative strategies for monetary policy.

• The role of cryptocurrencies in the economy.

What is the general expectation regarding Janet Yellen's announcement on interest rates?

• She will announce a rate increase in September.

• She will stick to a data-dependent approach.

• She will focus on short-term market impacts.

• She will lower interest rates immediately.

How has the dollar's stability been described since 2014?

• It has been highly volatile.

• It has been consistently weakening.

• It has remained stable.

• It has been rapidly strengthening.