Forecasting the Trump Impact on Economy and the Fed

The transcript discusses the economic uncertainty following Brexit and its implications for the US economy, particularly in terms of consumer confidence and potential changes in fiscal policy under President Trump. It highlights the role of the Federal Reserve, led by Janet Yellen, in managing interest rates amidst these uncertainties. The potential for inflation due to fiscal stimulus and the importance of Fed leadership in maintaining market confidence are also explored.

What is one of the main concerns for consumers in the United States following Brexit?

• Increase in employment

• Decrease in inflation

• Loss of health coverage

• Changes in trade rules

What economic approach is expected under President Trump's administration?

• Austrian economics

• Monetary tightening

• Keynesian stimulus

• Supply-side economics

What is a potential consequence of a Keynesian stimulus when the US economy is near full capacity?

• Inflation

• Deflation

• Decreased government spending

• Increased unemployment

How is Janet Yellen perceived by the market?

• As an unpredictable leader

• As a steady and reliable leader

• As a critic of fiscal stimulus

• As a proponent of rapid rate hikes

What could be a market concern if Janet Yellen is replaced?

• Immediate rate cuts

• Unpredictable economic policy

• Decreased inflation

• Increased market confidence