Questions for Monetary Policy

James Bullard, president of the St. Louis Fed, says there are five questions for monetary policy:

The five questions

• What are the chances of a hard landing in China?
• Have U.S. financial market stress indicators worsened substantially?
• Has the U.S. labor market returned to normal?
• What will the headline inflation rate be once the effects of the oil price shock dissipate?
•  Will the U.S. dollar continue to gain value against rival currencies?

I would add:

• Will wage gains translate into inflation (or something along those lines)?

Anything else?