What was the main focus of the upcoming February meeting as discussed in the first section?
Minutes Show Fed Officials Affirmed Inflation Resolve

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Stock market performance
Trade policies
Labor market and inflation
Interest rate cuts
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What were the two main risks the Fed faced in December regarding monetary policy?
Rising unemployment and trade deficits
Tightening too little or too much
Increasing taxes and reducing spending
Decreasing exports and increasing imports
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did the Fed decide to dial back their restraint to 50 basis points?
To reduce government debt
To prevent financial markets from misinterpreting their actions
To encourage more borrowing
To increase consumer spending
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the Fed's stance on the possibility of a recession in 2023?
They predicted a severe recession
They ruled it out completely
They considered it a plausible alternative
They expected a booming economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the Fed's view on the labor market as mentioned in the final section?
There were too many job openings and not enough workers
Unemployment was at an all-time high
It was perfectly balanced
Wages were decreasing rapidly
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