Powell Says Fed Will Ensure Inflation Doesn't Take Root

The transcript is a speech by the Federal Reserve Chair, expressing gratitude for a second term nomination and acknowledging the support of family and colleagues. It reviews the US economy's pre-pandemic strength, the swift policy responses to COVID-19, and the current economic recovery. The speech highlights ongoing challenges like inflation and the need for a resilient financial system. It emphasizes the importance of transparency and public trust in the Federal Reserve's actions.

What did the speaker thank President Biden for?

What were the economic conditions in the US before the pandemic?

What actions did Congress take in response to the economic downturn?

How did the Federal Reserve respond to the economic challenges posed by the pandemic?

What challenges does the speaker mention regarding the post-pandemic economy?

What are the Federal Reserve's statutory goals?

What does the speaker commit to in terms of decision-making?