Powell Says Fed Will Never Declare Victory on Employment Goal

The transcript discusses the Federal Reserve's role in achieving full employment, the potential of a federal jobs guarantee, and the impact of interest rates on employment. It highlights the US economy's output and unemployment trends, particularly among communities of color. The discussion also covers the timing of rate cuts and the lessons learned about unemployment levels.

What is the goal mentioned regarding full employment?

How has the US economy's output been described over the past ten years?

What impact does raising interest rates have on unemployment according to the text?

What considerations did the Fed have regarding the impact of raising rates on communities of color?

In hindsight, how does the speaker view the decision to raise interest rates?