Powell Says Fed Getting Close to Restrictive Rates Level

The transcript discusses the current state of restrictive economic policies, emphasizing the need for sustained efforts to achieve price stability. It highlights recent positive inflation reports but stresses the importance of realistic expectations. The discussion covers trends in goods prices and housing services, and concludes with the necessity of maintaining restrictive policies to meet inflation targets.

What is the current approach to economic policy as discussed in the video?

• Restrictive

• Expansionary

• Neutral

• Accommodative

Why does the speaker emphasize the need for realism despite positive inflation reports?

• Because inflation is no longer a concern

• Because the reports are inaccurate

• Due to a lack of data

• Due to the complexity of the broader economic project

What is the main challenge in achieving economic progress according to the speaker?

• Rising housing prices

• Excessive government spending

• Lack of progress in certain areas

• Decreasing goods prices

What is the current 12-month core inflation rate mentioned in the video?

• 8%

• 6%

• 4%

• 2%

What is the ultimate goal for inflation rates as discussed in the video?

• To maintain current levels

• To increase to 8%

• To decrease to 2%

• To stabilize at 4%