Bullard Expects Two More Fed Rate Hikes in 2023

The video discusses the economic situation in 2023, focusing on inflation expectations and the need for policy rate adjustments. It highlights the strong labor market, with low unemployment and high job openings, as an opportunity to combat inflation effectively. The speaker emphasizes the importance of addressing inflation promptly to avoid repeating the economic challenges of the 1970s.

What is the revised market expectation for inflation in 2023?

• Over 4%

• Exactly 3%

• Below 3%

• Exactly 5%

Why is there a need to increase the policy rate according to the second section?

• To boost economic growth

• To decrease market expectations

• To increase unemployment

• To exert downward pressure on inflation

What is the national unemployment rate mentioned in the third section?

• 5.0%

• 2.8%

• 3.4%

• 4.5%

How much higher are job openings compared to 2019, as mentioned in the third section?

• 20% higher

• 30% higher

• 40% higher

• 50% higher

What historical period does the speaker want to avoid repeating?

• The 1990s

• The 1970s

• The 1980s

• The 1960s