Powell's Key Comments After Fed Leaves Rates Unchanged

The video discusses the current economic policy stance, focusing on maintaining a restrictive policy until inflation trends downwards. It highlights the decision to keep the federal funds rate steady and examines the sustainability of consumer savings rates. Additionally, it covers the increase in policy interest rates and the reduction of securities holdings, noting that the full effects of these measures are yet to be realized.

What does the text suggest about the sustainability of the current savings rate?

What has been the impact of the policy interest rate increase mentioned in the text?