Powell Comments Show Fed Is 'Awake at the Wheel,' Economist Swonk Says

The video discusses the Federal Reserve's current stance under Chairman Powell, highlighting an indefinite pause in rate hikes and a shift in policy to support economic expansion. The Fed aims to maintain strong labor markets without focusing on inflation, sending a message to markets and addressing criticism from the administration. The Fed acknowledges robust economic data but is cautious of global risks like Brexit and trade tensions. While not committing to further easing, the Fed maintains policy flexibility.

What is the primary goal of the Federal Reserve's current policy under Chairman Powell?

• To increase inflation rates

• To extend the economic expansion

• To decrease unemployment rates

• To strengthen the dollar

How does the Federal Reserve view the current state of inflation?

• As irrelevant

• As rapidly increasing

• As somewhat muted

• As a major concern

What message is the Federal Reserve sending to the administration regarding economic expansion?

• They plan to halt the expansion

• They aim to support and extend the expansion

• They are indifferent to the expansion

• They intend to shorten the expansion

What global risks does the Federal Reserve acknowledge in their policy considerations?

• Technological advancements

• Climate change and environmental issues

• Brexit, China slowdown, and trade tensions

• Only domestic economic issues

What is the Federal Reserve's stance on further easing of monetary policy?

• They are committed to further easing

• They have ruled out further easing

• They are flexible but cautious about further easing

• They are planning immediate easing