Powell Says US Economy Strong, Can Handle Rate Hikes

The video discusses the current state of the US economy, highlighting its strong growth and financial health of households and businesses. It explains the Federal Reserve's monetary policy aimed at moderating growth to control inflation, while maintaining a strong labor market. The challenges posed by global events, such as the war in Ukraine, are also addressed, emphasizing their impact on inflation and economic stability.

What challenges have arisen in achieving the goal of 2% inflation?

In what ways have recent global events impacted inflationary pressures?