Bullard Says Fed Has to Follow Through on Signaled Hikes

The video discusses the current economic situation, focusing on inflation and the impact of rate hikes. Despite significant rate increases, inflation remains high, particularly in the housing market. The video highlights concerns about rent calculations affecting future inflation and outlines the Federal Reserve's projections for further rate hikes to control inflation.

What has been the impact of the recent rate hikes on the housing market?

• The rate hikes have led to a decrease in housing prices.

• The housing market has remained unaffected.

• The housing market has seen an increase in demand.

• The rate hikes have changed the dynamics of the housing market.

Why are people concerned about inflation staying high next year?

• Because of the way rent prices are calculated.

• Due to a decrease in employment rates.

• Because of a significant drop in consumer spending.

• Due to an increase in global oil prices.

What is the current core measure of PC inflation in the US?

• Above 6%

• Below 2%

• Around 3%

• In the high fours

What is the target interest rate for next year according to the September steps?

• 3.5%

• 4.0%

• 5.0%

• 4.6%

What is the main goal of the committee's future meetings?

• To reduce government spending.

• To put downward pressure on inflation.

• To increase employment rates.

• To stabilize the housing market.