Fed's Powell Says Inflation Is Under Control Despite Low Jobless Rate

The video discusses the relationship between unemployment, wage pressures, and inflation. It highlights the historical context of these economic factors, noting that the link between wage increases and overall inflation has weakened over time. The speaker reflects on past economic conditions, such as the 1990s, where wage growth outpaced productivity without causing price inflation. The current economic situation is described as having controlled inflation and low unemployment, suggesting a positive outlook.

What does the speaker suggest about the current state of inflation and unemployment?

In what ways does the speaker believe inflation can be controlled?