Federal Reserve Chair: U.S. Economic Recovery Remains Uneven

The video discusses the Federal Reserve's stance on interest rates amid a weak US economy. Jerome Powell highlights uncertainties and a slowing labor market, with employment growth averaging 29,000 monthly. The leisure and hospitality sectors face significant losses due to COVID-19. However, many economists predict a potential economic boom by summer, driven by low interest rates, government aid, and pandemic control.

Why is the Federal Reserve reluctant to increase interest rates?

• Interest rates are already too high.

• The US economy is still weak.

• The stock market is unstable.

• Inflation is out of control.

What did Jerome Powell say about the future economic path?

• It is highly predictable.

• It is stable and secure.

• It is rapidly improving.

• It is highly uncertain.

Which industry has been significantly affected by the pandemic?

• Manufacturing

• Healthcare

• Technology

• Leisure and hospitality

What is the average monthly employment growth rate over the three months ending in January?

• 75,000

• 100,000

• 29,000

• 50,000

What do most economists believe could lead to a mini economic boom?

• Increased taxes

• Higher interest rates

• Continued low rates and government aid

• Reduced government spending