Fed's Powell Says 'Noteworthy Risks' to Economy Remain

The transcript discusses the Federal Reserve's commitment to maximum employment and price stability, highlighting the US economy's current expansion phase. It covers GDP growth, labor market trends, and inflation rates, noting the impact of trade developments and sluggish global growth. The Fed's policy adjustments aim to support economic activity, but risks remain. The labor market shows solid job gains, with notable improvements for lower-paid workers, though disparities persist across different demographics. Inflation remains below target, posing potential risks to long-term expectations.

What are the main goals of monetary policy as mentioned in the text?

What factors have contributed to the recent weakness in business investment?

How has the unemployment rate changed according to the text?

What does the text suggest about wage gains for lower-paid workers?

What are the risks to the economic outlook mentioned in the text?