James Bullard: Fed 'Certainly Could Do More' in a Shock

The video discusses the ineffectiveness of negative interest rates and the absence of inflation, suggesting a shift to raising interest rates to stimulate economic activity. It highlights the impact of demographics on spending and the need to balance saving and borrowing. The concept of helicopter money is explored as a potential last resort. The US economic situation is examined, noting available tools and their effectiveness in achieving economic mandates.

How does quantitative easing relate to the concept of 'animal spirits' in economics?

What are the potential effects of raising interest rates on consumer behavior?

What challenges do low interest rates pose for savers and the economy?

Discuss the implications of 'helicopter money' as a last resort economic measure.

What tools do central banks have left to stimulate the economy, according to the text?