Fed's Powell: Half-Point Hikes on Table in Next Couple of Meetings

The video addresses the high inflation rates affecting the American economy and the Federal Reserve's response to these challenges. It discusses the tight labor market, economic activity, and the impact of global events like the Russia-Ukraine conflict and COVID-19 on supply chains. The Federal Reserve's monetary policy actions, including interest rate hikes and balance sheet reductions, are outlined to restore price stability. The video concludes with a focus on the Fed's commitment to achieving maximum employment and stable prices, while being adaptable to changing economic conditions.

Describe the current state of the economy as mentioned in the text.

What are the expected future actions of the Federal Reserve regarding interest rates?

How does the Federal Reserve plan to reduce the size of its balance sheet?