Powell Says 'There's No Place at the Federal Reserve for Racism'

The transcript highlights the Federal Reserve's commitment to addressing racial injustice and promoting equality. It emphasizes the importance of diversity and inclusion in their operations and policies. The Federal Reserve aims to ensure fair access to credit and support economic recovery, using its tools to serve the public mission and foster a robust recovery.

What issue does the Federal Reserve acknowledge as a significant problem in the country?

• Economic inequality

• Racial injustice

• Environmental concerns

• Political instability

What is one of the key principles guiding the Federal Reserve's actions?

• Rejecting racism

• Promoting international trade

• Increasing interest rates

• Reducing government spending

How does the Federal Reserve aim to ensure fair access across the country?

• By increasing employment opportunities

• By lowering taxes

• By ensuring fair access to credit

• By providing free education

What is the Federal Reserve's commitment regarding the economic recovery?

• To focus solely on urban areas

• To reduce public spending

• To ensure a robust recovery

• To increase taxes

What is the overarching mission of the Federal Reserve as mentioned in the transcript?

• To reduce inflation

• To increase profits

• To serve the public mission

• To expand globally