Jerome Powell Interview and Jan. 24 Inflation Flashcard

Front

Who is the current chair of the Federal Reserve?

Back

Jerome Powell

Front

How many times did the Fed raise interest rates to cool the economy?

Back

11 times

Front

What is the current unemployment rate mentioned in the text?

Back

3.7%

Front

What is the Fed's ultimate goal for inflation?

Back

2%

Front

How long has inflation been falling steadily according to the text?

Back

11 months

Front

What is the current federal funds interest rate mentioned in the text?

Back

5.5%

Front

What is the projected national debt 30 years from now?

Back

$140 trillion

Front

What is the main reason for the US economy's resilience according to Jerome Powell?

Back

Dynamic and innovative economy

Front

What is the likelihood of another real estate banking crisis according to Powell?

Back

Low

Front

What factor does Powell consider as the single most important for the future of American prosperity?

Back

Fiscal sustainability