What are the two main policy goals given to Congress?
Fed's Powell Says Reaching 'Substantial Progress' a Ways Off

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Maximum employment and price stability
Supply constraints and labor market improvement
Inflation control and unemployment reduction
Economic growth and fiscal policy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been a significant factor in restraining activity in some industries?
Strong housing demand
High unemployment rates
Supply constraints
Increased household spending
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which group experienced the largest decline in employment due to the pandemic?
Workers with higher wages
Asian Americans
African Americans and Hispanics
Middle-income workers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is temporarily boosting inflation according to the transcript?
Base effects from last year's price changes
Strong fiscal support
Increased labor demand
High unemployment rates
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Federal Reserve's longer-term inflation goal?
1%
2%
4%
3%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What action did the FOMC take regarding the federal funds rate at the June meeting?
Eliminated the rate
Kept the rate near 0
Decreased the rate
Increased the rate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Federal Reserve's commitment regarding asset purchases?
To maintain them until substantial progress is made
To stop them by the end of the year
To decrease them immediately
To increase them indefinitely
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