Powell Says 'We're Learning to Deal' With New Economy

The video discusses the ongoing economic uncertainty and whether it is a new phenomenon or a continuation of past trends. It highlights the disinflationary forces of globalization, aging demographics, and low productivity technology that have shaped the global economy. Since the pandemic, economies are driven by different forces, leading to high inflation and supply shocks. The video emphasizes the need for price stability and maximum employment in this new economic landscape, which presents different challenges compared to the past 25 years.

What are some of the disinflationary forces mentioned in the text?

How has the pandemic affected inflation in advanced economies according to the text?

What does the speaker suggest about the future of the economy?

What are the goals of the Fed in the context of the new economy?

In what ways is the current economic exercise different from the past 25 years?