Fed Holds Interest Rates Steady, Says Economy Is Solid

The transcript discusses recent economic indicators showing solid economic activity and stable unemployment. Inflation is somewhat elevated but progressing towards the Federal Reserve's 2% target. The Fed's statement remains largely unchanged, maintaining the federal funds rate target range. The committee will assess data and risks for future adjustments. Quantitative tightening continues without an endpoint, and the decision was unanimous. Chair Jay Powell will provide further insights soon.

What has been the trend in the unemployment rate according to the recent economic assessment?

• It has increased significantly.

• It has stabilized at a low level.

• It has fluctuated unpredictably.

• It has decreased to zero.

What is the Federal Reserve's target inflation rate?

• 4%

• 3%

• 2%

• 1%

What does the Federal Reserve plan to do with the balance sheet?

• Increase it significantly.

• Reduce it at current levels.

• Expand it indefinitely.

• Keep it unchanged.

How did the committee vote on the recent policy decision?

• It was a split decision.

• It was a majority decision.

• It was a unanimous decision.

• There was no vote.

What is expected from Chair Jay Powell in the near future?

• He will announce a new policy.

• He will increase interest rates.

• He will give a speech.

• He will resign.