Fed's Powell: Recession Not the Most Likely Case for US

The video discusses the current state of the labor market, highlighting the decrease in job openings and the softening of wage pressures. It notes that while the labor market is not as tight as before, job creation is slowing down. The possibility of achieving economic balance without severe downturns is considered, though a recession remains a possibility according to some forecasts.

What is the current trend in the number of job openings in the labor market?

• The number of job openings is stable.

• The number of job openings is fluctuating.

• The number of job openings is decreasing.

• The number of job openings is increasing.

How has the labor market changed in terms of tightness compared to a year or two ago?

• The labor market is tighter now.

• The labor market is less tight now.

• The labor market tightness is unchanged.

• The labor market is extremely tight now.

What is happening to wage pressures in the current labor market?

• Wage pressures are unpredictable.

• Wage pressures are increasing.

• Wage pressures are stable.

• Wage pressures are decreasing.

What is the least unlikely economic outcome according to the speaker?

• An economic boom.

• A rapid economic recovery.

• A balanced economy without a severe downturn.

• A severe economic downturn.

What do many forecasters predict about the economic future?

• No changes in the economy.

• A guaranteed economic boom.

• A possible recession.

• An immediate recovery.