Fed Prepared to Adjust Pace of Taper, Powell Says

The transcript discusses the Federal Reserve's response to economic challenges posed by the COVID-19 pandemic. It highlights the progress made in economic recovery, the impact of the Delta variant on growth, and the challenges in the labor market. The document also addresses inflation concerns due to supply chain disruptions and outlines the Fed's policy actions, including tapering asset purchases while maintaining a focus on maximum employment and price stability.

What challenges are employers facing in filling job openings?

How has the economic downturn impacted different demographics in the U.S.?

What measures is the Federal Reserve prepared to take if inflation expectations change?