Powell Says Recovery Still Incomplete, Risks Remain

The Federal Open Market Committee is maintaining low interest rates and asset purchases to support economic recovery. Despite improvements, the labor market remains uneven, with unemployment still high. Inflation has risen due to supply bottlenecks and increased spending, but is expected to moderate. The Fed's new policy framework aims to anchor inflation expectations and achieve maximum employment. Risks from the pandemic persist, but progress in vaccinations is aiding recovery. The Fed will continue to support the economy until recovery is complete.

What are the anticipated effects of rising vaccinations on employment growth?

How does the Federal Reserve plan to achieve its inflation goals, and what is the significance of maintaining well-anchored inflation expectations?

What challenges does the Federal Reserve face in balancing maximum employment and price stability?