Kashkari Says He's 'Not Quite There Yet' on Need to Change Fed Rate Path

The transcript discusses the current economic uncertainty and the Federal Reserve's role in addressing potential risks. It highlights the persistent issue of inflation being below the 2% target and the implications for monetary policy. The conversation also touches on the political pressures faced by the Fed, particularly from President Trump, and emphasizes the importance of focusing on data-driven decisions to maintain stable prices and maximum employment.

What is the Federal Reserve's target inflation rate?

• 3%

• 2.5%

• 2%

• 1.5%

How long has the inflation rate been consistently below the target?

• 20 years

• 10 years

• 5 years

• 15 years

What is the current inflation expectation according to the Minneapolis economist?

• 2.2%

• 1.5%

• 1.7%

• 2.0%

What is one potential consequence of trade threats mentioned in the video?

• Increased inflation

• Stronger economic growth

• Market sell-off

• Higher employment

What is the primary focus of the Federal Open Market Committee when making decisions?

• Media reports

• Data and analysis

• Public opinion

• Political influence