Harker Says Fed Won't Cut Rates Until at Least 2024

The transcript discusses differing views on economic resilience and strategies to reduce inflation. It highlights the current restrictive stance on the economy and the need to maintain pressure to achieve a 2% inflation target. The conversation covers potential conditions for changing interest rates, long-term inflation goals, and evaluating the sufficiency of current economic measures.

What is the current stance of the speaker on handling inflation?

• Reduce pressure

• Eliminate pressure entirely

• Maintain current pressure

• Increase pressure immediately

Under what condition might the speaker consider raising interest rates?

• If unemployment rises

• If inflation continues to decrease

• If inflationary pressures are resolved

• If inflation stalls

What is the target year for achieving a 2% inflation rate according to the speaker?

• 2025

• 2030

• 2023

• 2026

Which of the following is NOT mentioned as an essential aspect of life in the context of inflation?

• Transportation

• Healthcare

• Food

• Shelter

What is the current unemployment rate mentioned in the transcript?

• 3.0%

• 3.5%

• 4.0%

• 4.5%