Biden: Appropriate for Fed to 'Recalibrate' Policy

The video discusses the rapid increase in prices globally and the Federal Reserve's role in ensuring these prices do not become entrenched. It highlights the Federal Reserve's dual mandate of full employment and stable prices, and its extraordinary support during the crisis. The need to recalibrate this support is emphasized, as indicated by Chairman Powell. The video also mentions the nomination of five individuals to the Federal Board of Governors, urging the Senate for their confirmation.

What is one of the visible impacts of the rapid price increases mentioned in the video?

• Increased interest rates

• Lower grocery store sales

• Higher prices at gas stations

• Decreased employment rates

What are the two main objectives of the Federal Reserve as discussed in the video?

• Full employment and stable prices

• Reducing taxes and increasing exports

• Lowering interest rates and increasing savings

• Promoting international trade and investment

Why is it necessary to recalibrate the support provided by the Federal Reserve?

• To reduce inflation to zero

• Due to a decrease in global trade

• To increase the national debt

• Because of the strength of the economy and recent price increases

What is highlighted about the individuals nominated to the Federal Board of Governors?

• They all belong to the same political party

• They have diverse backgrounds and bipartisan support

• They have no prior experience in governance

• They are all economists

What action is urged upon the United States Senate regarding the nominations?

• To reject the nominations

• To confirm the nominations without further delay

• To hold additional hearings

• To delay the confirmation process