Warren Says 2 Million Jobs Will Be Lost Due to Powell Policy

The video discusses the Federal Reserve's aggressive interest rate hikes aimed at controlling inflation, which is the most extreme in 40 years. The Fed's strategy is to slow the economy, potentially increasing unemployment to 4.6% by year-end, affecting 2 million jobs. Despite these measures, inflation remains high due to factors like supply chain issues and geopolitical tensions. Historically, similar rate hikes have often led to recessions, raising concerns about the current economic trajectory.

What is the primary goal of the Federal Reserve's interest rate hikes?

• To reduce government debt

• To boost economic growth

• To increase employment

• To slow down inflation

According to the Fed's projections, what is the expected unemployment rate by the end of the year?

• 6.0%

• 3.5%

• 4.6%

• 5.2%

How many people are projected to lose their jobs due to the Fed's interest rate policy?

• 3 million

• 2 million

• 4 million

• 1 million

How many times since World War II has a 1% increase in unemployment not led to a recession?

• 0 times

• 3 times

• 6 times

• 9 times

What is the historical outcome when the unemployment rate increases by one percentage point within a year?

• The economy remains stable

• The economy typically falls into a recession

• The economy often avoids recession

• The economy usually grows