Powell Expects Interest Rates to Rise 'Somewhat Further'

The transcript outlines the Federal Reserve's approach to supporting economic recovery, maintaining a strong job market, and managing inflation. It discusses expectations for interest rate increases and balance sheet reductions while emphasizing the need for policy flexibility in response to economic changes. The importance of learning from past experiences and being prepared to address new economic threats is highlighted, along with a nod to the original motivation behind the Federal Reserve's establishment.

What is one of the main goals mentioned for supporting the economy's recovery?

• Increasing taxes

• Decreasing government spending

• Sustaining a strong jobs market

• Reducing inflation to zero

What is expected to happen to interest rates according to the first section?

• They will be abolished

• They will rise somewhat further

• They will decrease significantly

• They will remain constant

Why is flexibility in policy-making emphasized in the second section?

• To ensure policies remain unchanged

• To maintain a fixed path of policy

• Because the future is unpredictable

• To avoid any economic developments

What is highlighted as crucial when facing new and unexpected threats?

• Responding with indecision

• Responding decisively and with appropriate force

• Ignoring past lessons

• Maintaining the status quo

What historical aspect is mentioned in the final section?

• The original motivation for the founding of the Federal Reserve

• The founding of the International Monetary Fund

• The establishment of the World Bank

• The creation of the United Nations