Fed to Focus on Full Employment, CEA's Boushey Says

The transcript discusses the President's focus on supporting the middle class and the role of the Federal Reserve in economic recovery. It highlights the reappointment of Jay Powell and the expectations from the new leadership of the Federal Reserve. The balance between inflation and full employment is examined, along with the impact of the global pandemic on supply chains. The potential use of the Strategic Petroleum Reserve to address gas prices is also explored.

What was the President's main focus when reappointing Jay Powell to the Chair of the Federal Reserve?

How did the Federal Reserve contribute to preventing a financial crisis during the global pandemic?

What is the significance of the American Rescue Plan in relation to the unemployment rate?

In what ways has the Federal Reserve addressed climate change as an economic issue?

What are the two mandates of the Federal Reserve mentioned in the discussion?

What challenges are associated with achieving price stability and full employment?

What steps has the President taken to address rising gas prices?