Powell Says Uncertainties Remain, Including Those Posed by Virus

The video discusses the Federal Reserve's decision to keep the policy rate unchanged, focusing on achieving maximum employment and price stability. It highlights the current economic expansion, strong job market, and solid household spending fundamentals. However, it notes weaknesses in business investment, exports, and manufacturing due to sluggish global growth and trade uncertainties. Despite some improvements, uncertainties remain, including the impact of the coronavirus. Overall, the outlook is for moderate economic growth with supportive monetary and financial conditions.

What are the primary goals of the Federal Reserve's monetary policy?

• Reducing taxes and increasing exports

• Maximum employment and price stability

• Increasing government spending and reducing inflation

• Promoting international trade and investment

What factors are supporting household spending according to the transcript?

• Decreasing job opportunities and stagnant wages

• A healthy job market and rising incomes

• High interest rates and low consumer confidence

• Weak consumer confidence and declining incomes

Which sectors are mentioned as experiencing weakness in the economy?

• Real estate and construction

• Retail and agriculture

• Business investment and exports

• Technology and healthcare

What recent developments have affected global economic activity?

• Diminished trade uncertainties

• Rising inflation rates

• Increased government spending

• Decreased consumer spending

What is one of the uncertainties mentioned that could impact the economic outlook?

• Rising oil prices

• The new coronavirus

• Decreasing global population

• Increasing interest rates