CLEAN : Federal Reserve meets on historic rate rise

The video discusses the current economic situation, focusing on interest rates, unemployment, and inflation. It argues against raising interest rates due to a weak labor market and low inflation, highlighting potential risks such as recession. The video suggests waiting until inflation poses a threat before considering rate hikes.

What is the current state of the labor market according to the speaker?

• Unpredictable with fluctuating wage growth

• Stable with moderate wage growth

• Weak with low wage growth

• Strong with high wage growth

What could be a consequence of raising interest rates, as mentioned by the speaker?

• Decreasing unemployment

• Pushing the economy into recession

• Increasing inflation

• Boosting economic growth

Why does the speaker believe there is no harm in waiting to raise interest rates?

• Because unemployment is at an all-time low

• Because there is no immediate threat from inflation

• Because the economy is growing rapidly

• Because inflation is currently high

What has been the trend of inflation over the last 12 months according to the speaker?

• Around 3%

• Around 2%

• Around 0.5%

• Around 1.5%

How long has the Federal Reserve been below its target inflation rate?

• Less than a year

• More than six years

• Exactly five years

• About two years