Kocherlakota Sees Downward Pressure on Rates, Inflation

The video discusses the current state of the labor market and economic data that the Federal Reserve is analyzing. It highlights improvements in the labor market, the surprising low unemployment rate, and the Fed's interest rate policy. The discussion also covers the concept of labor market slack and its implications for wages and inflation, emphasizing the need for a broader understanding of employment metrics.

What was the unemployment rate mentioned in the first section?

• 4.9%

• 5.5%

• 3.8%

• 6.2%

In the 2012 speech, what unemployment rate was suggested as a threshold before raising rates?

• 4.5%

• 5.5%

• 6.0%

• 5.0%

What global factor is putting pressure on interest rates according to the second section?

• Downward pressure

• Economic growth

• Increasing wages

• Rising inflation

What age group is highlighted as having low employment in the third section?

• 65 and above

• 55-64

• 25-54

• 18-24

How does low prime age employment affect wages and inflation?

• It stabilizes wages and inflation

• It puts downward pressure on wages and inflation

• It has no effect

• It increases wages and inflation