Powell Says Majority of FOMC See Two More Hikes in 2023

The transcript discusses the committee's economic forecasts, expecting modest growth below the long-term U.S. rate and a gradual cooling of the labor market. Inflation is anticipated to decrease, with the possibility of raising the federal funds rate once or twice by year-end. The committee emphasizes a moderated decision-making pace, focusing on achieving a 2% inflation target over time.

What is the expected growth rate of the U.S. economy according to the committee's forecasts?

• Below 1%

• Exactly 2.5%

• Around 2% or slightly less

• Above 3%

What is the committee's expectation for the labor market?

• It will face a significant downturn

• It will rapidly expand

• It will remain stable

• It will gradually cool off

How many times does the committee anticipate raising the federal funds rate by the end of the year?

• Not at all

• Three times

• Four times

• Once or twice

What was the main focus of the committee's recent meeting?

• To introduce new economic policies

• To finalize last year's decisions

• To moderate the pace of decision-making

• To increase the pace of decision-making

What is the committee's long-term inflation target?

• 2.5%

• 2%

• 1.5%

• 3%