Powell: We Will Keep at It Until the Job Is Done

The video discusses navigating by stars under cloudy skies, emphasizing the importance of risk management. It covers assessing progress in meetings, making careful decisions on policy rates, and the necessity of price stability for economic goals. The focus is on achieving strong labor market conditions and maintaining price stability until objectives are met.

What is emphasized as critical when navigating under uncertain conditions?

• Risk management considerations

• Ignoring data

• Increasing policy rates

• Immediate decision-making

What is the primary focus when assessing whether to adjust policy rates?

• Political pressure

• Historical trends

• Totality of data and evolving risks

• Public opinion

Why is it important to proceed carefully in policy decisions?

• To avoid making any changes

• To follow public demand

• To quickly react to market changes

• To ensure decisions are based on comprehensive data

What is the ultimate goal of maintaining price stability?

• To decrease economic growth

• To reduce employment

• To achieve strong labor market conditions

• To increase inflation

What is necessary to achieve a sustained period of strong labor market conditions?

• High inflation

• Reduced government spending

• Price stability

• Increased taxes