Yellen Says Don't Overinterpret Removal of Word 'Only'

The transcript discusses the Federal Reserve's decision to make a modest adjustment to the federal funds rate, emphasizing that this change is minor and aligns with previous economic projections. The economy is progressing as expected, showing resilience, and if this trend continues, further gradual rate increases may be appropriate. The overall economic outlook remains unchanged, with a focus on gradual adjustments to maintain stability.

What is the main reason given for the modest adjustment in the federal funds rate?

• Stability in the economic path and projections

• A response to unexpected economic downturns

• A reaction to international market fluctuations

• A significant change in economic projections

How does the speaker describe the economy's performance over the last several months?

• Declining rapidly

• Unpredictable and volatile

• Stagnant and unchanging

• Progressing as anticipated

What is the speaker's outlook on making further adjustments to the federal funds rate?

• Further adjustments may be made if the economy continues to progress

• They are unlikely to make any more changes

• They will make drastic changes soon

• They will wait for international economic conditions to improve

What does the speaker emphasize about the changes in the federal funds rate?

• They are significant and immediate

• They are gradual and not significant

• They are unexpected and abrupt

• They are unnecessary and redundant

According to the speaker, what could cause a change in the economic forecast?

• A sudden increase in inflation

• A decrease in consumer spending

• A change in government policy

• Unexpected economic surprises