Yellen Says Fed Is Close to Achieving Employment Goal

The video discusses the implementation of stronger financial regulations to help banks build capital buffers, enabling them to support economic growth and recovery. It compares the quicker recovery of the US economy to the EU's post-crisis recovery. The Federal Reserve's accommodative monetary policies aim to boost spending and achieve maximum employment and price stability. The speaker believes these objectives are close to being achieved.

What is the primary purpose of implementing stronger financial regulations and requiring banks to build capital buffers?

• To reduce bank competition

• To handle problem loans and support economic growth

• To increase bank profits

• To lower interest rates

Which economy recovered more quickly after the financial crisis according to the transcript?

• The Euro area

• The Asian economies

• The US economy

• The EU economies

What is the goal of the Federal Reserve's accommodative monetary policies?

• To increase taxes

• To spur spending and achieve maximum employment

• To increase inflation

• To decrease government spending

Who assigned the goals of maximum employment and price stability to the Federal Reserve?

• The Federal Reserve itself

• Congress

• The European Union

• The President

What does the speaker believe about the Federal Reserve's objectives?

• They have already been achieved

• They are far from being achieved

• They are close to being achieved

• They are irrelevant