Who You Gonna Call if Inflation Gets Too Hot?

The video discusses the economic challenges faced in 2021, including inflation and supply chain issues. It highlights efforts to control inflation, such as reducing it to 2%, and the potential risks of higher wages. Current economic trends show a slowing labor market, decreasing food and energy prices, and a stable housing market. The video also addresses the risks of overshooting rate hikes and the importance of strategic planning to avoid recessions and long-term damage.

What was one of the main economic challenges faced in 2021?

• Decreasing wages

• Stable prices

• Inflation

• Deflation

What is the Fed's target inflation rate?

• 4%

• 3%

• 2%

• 1%

Which sector is showing improvement according to the current economic state?

• Automobile

• Retail

• Technology

• Housing

What is a potential risk if the Fed overshoots on rate hikes?

• Recession

• Increased employment

• Deflation

• Economic boom

What can long-lasting recessions cause?

• Temporary setbacks

• Higher inflation

• Permanent damage

• Increased savings