Powell: Fed Staff No Longer Forecasting Recession

Powell: Fed Staff No Longer Forecasting Recession

Assessment

Interactive Video

Business, Mathematics

University

Hard

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The speaker discusses the economic outlook, focusing on achieving inflation targets without significant job losses. They highlight the resilience of the economy and note that staff forecasts no longer predict a recession. The importance of having independent staff forecasts alongside FOMC participant forecasts is emphasized, as it brings diverse opinions that enhance decision-making.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the teacher's view on achieving inflation targets without significant downturns?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the staff forecast indicate about the growth starting later this year?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What recent economic resilience has affected the recession forecast?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the staff's independent forecast contribute to the decision-making process?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of having a diversity of opinion in the forecasting process?

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