Powell Expects Interest Rates to Rise 'Somewhat Further'

The transcript outlines the Federal Reserve's approach to supporting economic recovery, maintaining a strong job market, and managing inflation. It discusses expectations for interest rate increases and balance sheet reductions while emphasizing the need for policy flexibility in response to economic changes. The importance of learning from past experiences and being prepared to address new economic threats is highlighted, along with a nod to the original motivation behind the Federal Reserve's establishment.

What is the aim of the economic policy mentioned in the text?

How does the text describe the expected movement of inflation?

What does the text imply about the future of economic policy?

What flexibility does the text suggest is necessary for economic policy?

What is the original motivation for the founding of the Federal Reserve according to the text?