Fed's Waller Says He's Inclined to Vote for a Rate Cut

The transcript discusses the economic committee's decision to ease monetary policy to support the labor market while aiming for 2% inflation. Despite a 75 basis point reduction in the policy rate, monetary policy remains restrictive. Future rate cuts are expected, but concerns about inflation stalling above 2% may lead to holding the policy rate constant. The decision at the December meeting will depend on upcoming economic data.

What was the committee's main reason for beginning to ease monetary policy?

• To achieve 2% inflation

• To reduce unemployment

• To strengthen the labor market

• To increase the policy rate

How much has the policy rate been reduced since the September meeting?

• 75 basis points

• 100 basis points

• 50 basis points

• 25 basis points

What is the speaker's expectation regarding the policy rate over the next year?

• It will continue to decrease

• It will fluctuate

• It will remain constant

• It will increase

What recent data has raised concerns about inflation?

• Inflation is stable at 2%

• Inflation is decreasing rapidly

• Inflation is stalling above 2%

• Inflation is below 2%

What factor will influence the speaker's decision on the policy rate at the December meeting?

• Global economic trends

• Upcoming data surprises

• The stock market performance

• The unemployment rate