Fed Chair Yellen: Case for a Rate Hike Remains Strong

The transcript discusses the economic outlook, highlighting consistent evidence of growth and labor market improvements since November. It mentions the strengthened case for increasing the federal funds rate and the committee's judgment. Future economic policies by Congress and the administration will be considered, and their impacts on employment and inflation will be assessed. The economy is making good progress towards its goals, and the committee's previous judgment remains valid.

What was the economic outlook since November according to the committee?

• Declining growth and worsening labor market

• Strengthening growth and improving labor market

• Stable growth with no changes in the labor market

• Uncertain growth with fluctuating labor market

What did the committee indicate about the federal funds rate?

• The case for a decrease had weakened

• The case for a decrease had strengthened

• The case for an increase had weakened

• The case for an increase had strengthened

What will the committee need to consider regarding future economic policies?

• Their impact on technological advancements

• Their impact on employment and inflation

• Their impact on environmental policies

• Their impact on global trade

What factors affect the economic outlook and policy stance over time?

• Only employment rates

• Only inflation rates

• Various economic policies and factors

• Only international trade agreements

What is the committee's view on the economy's progress towards its goals?

• The economy is making good progress

• The economy is stagnant

• The economy is unpredictable

• The economy is regressing