What is the current phase of monetary policy according to the speaker?
Fed's Mester: Rates Need to Move Up 'Somewhat Further'

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Middle of the tightening phase
Beginning of the tightening phase
End of the tightening phase
No change in monetary policy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the speaker expect the existing tightening measures to affect the economy?
Increase inflation
Have no effect on demand
Decrease demand in product and labor markets
Increase demand in product and labor markets
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the speaker's expectation for inflation this year?
Inflation will reach the 2% goal quickly
Inflation will remain the same
Inflation will decrease but not reach the 2% goal
Inflation will increase significantly
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been the trend in core inflation according to the speaker?
Core inflation has been decreasing rapidly
Core inflation has stalled
Core inflation has been fluctuating
Core inflation has been increasing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the speaker suggest about the funds rate to ensure inflation returns to the target?
Decrease the funds rate
Keep the funds rate unchanged
Increase the funds rate and hold it
Eliminate the funds rate
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