Powell Says It's a 'Great Time' for the Fed to Be Patient, Watch and Wait

The transcript discusses the shift from two rate hikes in 2019 to none, with one projected for the next year. It explores the possibility of rate cuts by the end of the year, given the current economic data. The speaker emphasizes patience, noting that the policy rate is neutral, the economy is growing at trend, inflation is near target, and unemployment is below 3%. This is seen as an opportune time to observe how the economy evolves.

What change in rate hikes is discussed for 2019?

• From two to three rate hikes

• From two to zero rate hikes

• From zero to two rate hikes

• From three to one rate hike

What does the Fed funds Futures Trading suggest for the end of the year?

• Stable rate hikes

• Potential rate cuts

• Decrease in rate hikes

• Increase in rate hikes

Why is the speaker advocating for patience in policy changes?

• Because of increasing unemployment

• Because of a neutral policy rate

• Due to rapid economic growth

• Due to high inflation

What is the current state of the economy according to the speaker?

• Growing at about trend

• Experiencing high inflation

• Growing below trend

• Facing high unemployment

What is the unemployment rate mentioned in the transcript?

• Exactly 3%

• Around 4%

• Under 3%

• Above 5%