Fed's Daly Sees More Rate Increases as Necessary

The video discusses the Federal Reserve's commitment to raising interest rates to combat inflation, which is causing economic pain. It refutes the idea that rates will decrease soon, emphasizing the need to maintain restrictive levels until inflation nears 2%. The current rate is slightly restrictive, and further adjustments are necessary to align demand with supply. The approach is data-dependent, ensuring economic stability.

Why is the speaker committed to raising interest rates?

• To increase economic growth

• To stabilize the stock market

• To bring inflation down

• To reduce unemployment

What does the speaker think about the idea of a temporary rate increase followed by a decrease?

• It is a likely scenario

• It is not going to happen

• It is already in effect

• It is the best approach

What is the target inflation rate mentioned by the speaker?

• 2%

• 1%

• 4%

• 3%

What is the current status of the interest rate according to the speaker?

• Excessively high

• Not restrictive at all

• Slightly restrictive or neutral

• Highly restrictive

What is the speaker's approach to future policy adjustments?

• Following a fixed plan

• Reducing rates immediately

• Ignoring data

• Being data-dependent