Chair Powell Says Fed Isn’t Out of Ammo

The transcript discusses the Federal Reserve's approach to maintaining an accommodative policy to support economic recovery. It highlights the Fed's tools, such as lending tools, balance sheet management, and forward guidance, to influence interest rates and stimulate the economy. The Fed believes its current rate policy is appropriate and powerful, aiming to keep it accommodative until recovery is well underway. The discussion emphasizes that the Fed is not out of options and can still use various tools to achieve its economic goals.

What does the speaker mean by 'keeping policy accommodative'?

What are the tools mentioned that can be used to support the economy?

What is the significance of forward guidance in economic policy according to the speaker?

How long does the speaker suggest that the policy will remain accommodative?

What does the speaker imply about the current state of monetary policy tools?