Powell Says Fed Has the Ability to Watch and Be Patient on Rates

The transcript discusses the strong economic growth and labor market conditions, highlighting low unemployment and rising wages. It also addresses concerns in financial markets about global growth and trade risks. The speaker explains the current monetary policy approach, emphasizing patience and flexibility due to controlled inflation. Interest rate projections are discussed, noting that previous plans for rate increases are not currently in place. The overall strategy is to remain patient and observe economic developments before making further decisions.

What are some indicators of strong economic growth mentioned in the video?

• Decreasing labor force participation

• Low unemployment and rising wages

• High unemployment and low wages

• High inflation rates

What concerns do financial markets have according to the video?

• Increasing unemployment

• Decreasing wages

• Downside risks related to global growth and trade

• Rising inflation rates

How does the Federal Reserve approach interest rate decisions?

• By following a strict plan

• By voting on a fixed path

• By increasing rates every quarter

• By considering individual projections from FOMC members

What was the median projection for interest rate increases in December?

• One increase

• Two increases

• Three increases

• No increases

What is the Federal Reserve's stance on interest rate changes for 2019?

• They plan to decrease rates

• They are flexible and patient

• They have a fixed plan for increases

• They will increase rates at every meeting