Fed's Mester: Inflation Too High, Jobs in Better Balance

The video discusses the impact of policy actions on moderating demand and addressing economic imbalances. It highlights the current state of the labor market, noting strong conditions despite slowed job growth. Inflation progress is acknowledged, but challenges remain, with the FOMC committed to reducing inflation. Future policy decisions will focus on managing risks and closely monitoring economic developments to ensure alignment with economic outlooks.

What actions have been taken to moderate demand in the economy?

What is the current unemployment rate and how does it compare to 2019?

How has the labor market participation rate changed since the pandemic?

What progress has been made on inflation according to the text?

What factors should future policy decisions consider regarding monetary policy?