Fed's Powell Says U.S. Economic Recovery Pace Has Moderated

The Federal Reserve outlines its commitment to maximum employment and price stability amid the pandemic. Economic recovery is underway but uneven, with strong goods spending and weak services. Inflation remains below target, and the outlook is uncertain. The Fed maintains low interest rates and asset purchases to support recovery. Credit flow is crucial, and fiscal policy plays a key role. Changes to economic projections will enhance transparency. The Fed is dedicated to using its tools to ensure a robust recovery.

What are the two main goals of the Federal Reserve as mentioned in the video?

• Maximum employment and price stability

• Economic growth and low taxes

• High interest rates and low inflation

• Full employment and high GDP

Which sector has shown a strong recovery due to low mortgage rates?

• Healthcare

• Automobile

• Housing

• Technology

Which group has been most affected by joblessness during the pandemic?

• High-income earners

• Lower-wage workers in the services sector

• Middle-aged men

• Teenagers

What is the Federal Reserve's target for long-term inflation expectations?

• 3%

• 2%

• 4%

• 1%

What is the Federal Reserve's stance on interest rates to support economic recovery?

• Eliminate interest rates

• Raise rates to boost savings

• Maintain current low rates

• Increase rates to curb inflation

What is the purpose of the Federal Reserve's emergency lending programs?

• To reduce taxes

• To increase government spending

• To support the flow of credit in the economy

• To grant money to specific beneficiaries

What change is planned for the summary of economic projections starting in December?

• Elimination of the summary

• Reduction in the number of projections

• Inclusion of new graphs showing risk assessments

• Release of materials three weeks after the meeting