Fed's Powell Says U.S. in 'Strategic Competition' With China

The transcript discusses the strategic and economic competition with China, emphasizing that such issues are primarily the government's responsibility, not the Federal Reserve's. It highlights the importance of monetary policy in addressing economic challenges and the roles of the Treasury Department and Congress. The discussion concludes with a focus on the Federal Reserve's independence and its mandate to avoid overstepping into areas not assigned to it.

What is the primary responsibility of the government according to the speaker?

• Regulating the stock market

• Controlling inflation

• Setting interest rates

• Managing strategic and economic competition with China

Why does the speaker believe economic challenges should be discussed?

• They are solely the responsibility of the Federal Reserve

• They directly impact the economy

• They are unrelated to monetary policy

• They are not influenced by foreign investments

What does the speaker suggest about investments going to China?

• They are irrelevant to monetary policy

• They are beneficial for both economies

• They empower China's economy against the US

• They have no impact on the US economy

Who is responsible for handling issues beyond the Federal Reserve's mandate?

• The World Bank

• The International Monetary Fund

• The Treasury Department and Congress

• The Federal Reserve

What is emphasized as crucial for the Federal Reserve?

• Maintaining independence

• Increasing interest rates

• Collaborating with foreign banks

• Expanding its mandate