Powell Says Fed Is Willing to Use Crisis-Era Tools If There's a Recession

The transcript discusses the Federal Reserve's contingency planning in the event of a recession, focusing on the tools available from past crises and their effectiveness. It highlights the Fed's readiness to use these tools, addresses concerns about potential negative outcomes like inflation and asset bubbles, and emphasizes the importance of public engagement and clear communication in maintaining policy credibility and achieving assigned goals.

What tools might be brought back during a recession according to the text?

How ready is the Fed if the economic situation worsens?

What concerns were raised regarding the tools used after hitting the 0 lower bound?

What is the Fed trying to achieve in the era of lower interest rates?

How does the Fed plan to communicate its policy to the public?