Fed's Evans Says 2% Inflation Goal 'Extremely Important'

The transcript discusses recent core inflation data, the Fed's inflation objectives, and the outlook for rate hikes. It covers wage growth, employment rates, and the concept of full employment. The discussion also touches on the US economic recovery and the impact of fiscal policy on growth.

What is the Fed's inflation objective mentioned in the video?

• 2.5%

• 2%

• 1.5%

• 1%

How many rate hikes were initially planned for 2017 according to the video?

• One

• Two

• Four

• Three

What is the main concern regarding wage growth discussed in the video?

• Wages are growing too fast

• Wages are decreasing

• Wages are not growing fast enough

• Wages are stable

What is the estimated sustainable unemployment rate according to the median Fed participant?

• 4.75%

• 5%

• 4%

• 4.5%

What is the potential impact of going below the natural rate of unemployment?

• Decreased inflation pressures

• Increased inflation pressures

• Stable inflation pressures

• No impact on inflation

What term is used to describe the necessary growth to overcome economic stagnation?

• Full employment

• Escape velocity

• Fiscal policy

• Inflation target

What is the uncertainty surrounding fiscal policy related to?

• Tax cuts

• Interest rates

• Inflation rates

• Employment rates