Jerome Powell Interview and Jan. 24 Inflation Quiz

Who is the current chair of the Federal Reserve?

• Jerome Powell

• Donald Trump

• Joe Biden

• Barack Obama

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

• 15 times

• 5 times

• 11 times

• 10 times

What is the current unemployment rate mentioned in the text?

• 2.7%

• 3.7%

• 4.7%

• 5.7%

What is the Fed's ultimate goal for inflation?

• 4%

• 3%

• 2%

• 1%

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

• 11 months

• 1 year

• 6 months

• 9 months

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

• 6.5%

• 3.5%

• 4.5%

• 5.5%

What is the projected national debt 30 years from now?

• $140 trillion

• $120 trillion

• $100 trillion

• $160 trillion

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

• Low inflation

• High consumer spending

• Dynamic and innovative economy

• Strong fiscal policy

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

• Very high

• Moderate

• Low

• High

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

• Political stability

• Technological advancement

• Global trade agreements

• Fiscal sustainability