Powell Says Fed Will Raise Rates More Over Time If Needed

The video discusses the current economic situation, focusing on the imbalance between demand and supply, particularly in goods like cars. It explores how this imbalance might be corrected through shifts in demand and the return of normal supply conditions. The video also addresses the potential need to adjust interest rates if inflation persists longer than expected. Finally, it highlights the importance of price stability for achieving a strong labor market and long-term economic expansion.

What is necessary for a long expansion in the labor market according to the speaker?

What does the speaker identify as a severe threat to achieving maximum employment?