Powell Backs Gradual Fed Rate Hikes in 'Extraordinary' Economy

The video discusses the economic recovery since the financial crisis, highlighting the current strength of the economy with low unemployment and stable inflation. It forecasts continued stability and explains the Federal Reserve's policy of gradual interest rate normalization to balance risks and maintain economic expansion.

What is the ongoing policy mentioned in the text regarding interest rates?

What are the goals of the current economic policy as stated in the text?