Fed Leaves Rates Unchanged as Trump Weighs Next Chair

The transcript discusses the current state of the Federal Reserve's funds rate, which remains between 1% and 1.25%, with no indication of future changes. Economic growth is solid despite recent hurricanes, and unemployment is decreasing. The Fed expects inflation to rise to 2% over the medium term. Randal Quarles has been appointed as the new Fed vice chair for supervision. The decision on the new Fed chair is anticipated soon, with Jay Powell as a potential candidate. Janet Yellen will continue to preside over two more meetings before her term ends.

What is the current range of the Federal Reserve's funds rate?

• 1.5% to 1.75%

• 0.5% to 0.75%

• 1% to 1.25%

• 2% to 2.25%

What is the Federal Reserve's expectation for inflation in the medium term?

• It will decrease to 1%

• It will remain stable at 1.5%

• It will increase to 3%

• It will rise to 2%

Who is the new Fed vice chair for supervision?

• Jay Powell

• Donald Trump

• Randal Quarles

• Janet Yellen

Who is a potential candidate for the new Fed chair according to news reports?

• Jay Powell

• Donald Trump

• Janet Yellen

• Randal Quarles

When does Janet Yellen's term as Fed chair end?

• December 3rd

• March 3rd

• January 3rd

• February 3rd