Fed's Powell Says U.S. Economic Recovery Pace Has Moderated

The Federal Reserve outlines its commitment to maximum employment and price stability amid the pandemic. Economic recovery is underway but uneven, with strong goods spending and weak services. Inflation remains below target, and the outlook is uncertain. The Fed maintains low interest rates and asset purchases to support recovery. Credit flow is crucial, and fiscal policy plays a key role. Changes to economic projections will enhance transparency. The Fed is dedicated to using its tools to ensure a robust recovery.

What are the monetary policy goals that Congress has given?

How has the pandemic affected household spending on goods and services?

Discuss the impact of the pandemic on the labor market and job recovery.

What is the Federal Reserve's stance on inflation and its long-term objectives?

What actions has the Federal Reserve taken to support the economy during the pandemic?

How do fiscal policy actions complement monetary policy in economic recovery?

What changes are planned for the summary of economic projections by the Federal Reserve?