Powell Says Fed Policy to Remain Tight for 'Some Time'

The transcript discusses the Federal Reserve's response to high inflation, emphasizing its commitment to reducing inflation to a 2% goal. It outlines recent economic developments, including slowed GDP growth and a tight labor market. The Federal Reserve has raised interest rates and plans further increases to control inflation. The transcript also covers inflation projections and the impact of global events like Russia's war against Ukraine. The Federal Reserve aims to balance supply and demand, maintain price stability, and ensure maximum employment.

What actions has the Federal Reserve taken to address high inflation?

How does price stability contribute to the overall economy?

What are the projected unemployment rates for the end of next year according to the Federal Reserve?

What factors have contributed to the slowdown in consumer spending?

What is the Federal Reserve's target inflation rate?

How does the Federal Reserve plan to achieve its inflation goals?

What are the potential risks associated with high inflation according to the Federal Reserve?