Powell Says Fed Will Adapt to Rising Inflation Risk

The video discusses the current state of wage growth, noting that while wages are increasing, they are not yet causing significant inflation concerns. The U.S. economic recovery is highlighted as the strongest among major economies, partly due to robust fiscal support. Inflation is still linked to pandemic-related factors but has spread more broadly, raising concerns about persistent inflation. The policy is adapting to these changes.

What is the current trend in wage movement, particularly at the lower end of the wage spectrum?

• Wages are moving up.

• Wages are moving up at a troubling rate.

• Wages are stagnant.

• Wages are decreasing significantly.

Why is the current economic recovery considered stronger than others?

• Due to higher unemployment rates.

• Because of lower inflation rates.

• Because of stronger fiscal support.

• Due to weaker fiscal support.

What is the primary cause of the current inflation according to the transcript?

• Increased consumer spending.

• Technological advancements.

• The Rio 2 pandemic.

• Global trade policies.

How has inflation spread in the economy according to the speaker?

• It has decreased significantly.

• It has been unaffected by external factors.

• It has spread more broadly in the economy.

• It has remained isolated to specific sectors.

What is the policy response to the risk of persistent higher inflation?

• Policies have been reversed.

• Policies have adapted and will continue to adapt.

• Policies have remained unchanged.

• Policies have been abandoned.