Powell Expects Moderate Economic Growth, Says Fed Will Act as Appropriate

The video discusses the current state of the economy, highlighting its strong performance and the longest expansion since 2009. Despite moderate growth, a strong labor market, and inflation nearing the 2% target, risks such as global growth slowdown and trade policy uncertainty persist. Consumer spending drives growth, while manufacturing lags. The labor market remains robust with low unemployment and rising wages. The Fed's interest rate adjustments support the favorable outlook. Global economic slowdown, particularly in China and the EU, is noted, with trade policy uncertainty affecting business investments. The FOMC will continue monitoring these factors to sustain expansion.

What is one of the significant risks to the current economic expansion?

• Slowing global growth

• Rising unemployment

• Increased consumer spending

• High inflation

What primarily drives the current economic growth?

• Manufacturing sector

• Consumer spending

• Government spending

• Export growth

Which sector is currently weaker in the economy?

• Service sector

• Consumer sector

• Technology sector

• Manufacturing and business investment

What has the Federal Reserve done to support the economy?

• Increased taxes

• Lowered interest rates

• Reduced government spending

• Increased tariffs

What is a factor contributing to the global economic slowdown?

• Rising inflation

• Strong labor markets

• Trade policy uncertainty

• High consumer confidence