Yellen Appears to Keep Fed on Track for Rate Hike

The transcript discusses the Federal Reserve's likely rate increase in December, the projected rate hikes for 2017, and the potential impact of the Trump administration's policies on these rates. It also covers the importance of the Fed's independence, especially with a Republican president and Congress.

What is the expected rate increase by the Federal Reserve on December 14th, 2016?

• Three-quarters of a percentage point

• A quarter percentage point

• Half a percentage point

• One percentage point

What does the term 'gradual rate increases' refer to in the context of the Federal Reserve's plans for 2017?

• One rate hike in 2017

• A decrease in rates in 2017

• No rate hikes in 2017

• Two or more rate hikes in 2017

Which of the following policies could influence the Federal Reserve's rate path in 2017?

• Infrastructure spending

• Healthcare reform

• Education policy

• Environmental regulations

Why might the Federal Reserve need to adjust rates more rapidly in 2017 or 2018?

• Because of a global economic downturn

• In response to significant new fiscal stimulus

• Due to a decrease in inflation

• To align with European Central Bank policies

Why is the independence of the Federal Reserve considered important?

• To ensure the Fed can appoint its own members

• To enable the Fed to control government spending

• To allow the Fed to set tax rates

• To ensure monetary policy is not influenced by political pressures