Fischer: Dollar Not Most Fundamental Productivity Factor

The transcript discusses the impact of currency adjustments, particularly the strong dollar, on macroeconomics, productivity, and the American economy. It highlights the challenges of maintaining full employment and controlling inflation. The conversation shifts to fiscal policy, emphasizing the uncertainty of future changes and their potential impact. The symbolism of events at Jackson Hole is also explored, focusing on the interactions between key figures like Yellen, Dudley, and Fisher.

How does the current economic environment affect productivity growth?

What are the implications of a stronger dollar on American companies?

What challenges does the American economy face regarding fiscal policy?

What are the potential changes in fiscal policy anticipated in 2017 or 2018?

Discuss the significance of the symbolism at Jackson Hole mentioned in the text.