Powell Says It's Possible Fed Raises Rates in September

The transcript discusses a meeting-by-meeting approach to economic decision-making, focusing on inflation and economic data. It highlights the importance of assessing various reports, such as CPI and job reports, to determine future rate hikes. The strategy involves careful evaluation of economic conditions, with potential actions including raising rates or holding steady, depending on the data. The overall goal is to manage inflation and economic activity effectively.

What is the primary goal mentioned for controlling inflation?

• To increase inflation to 5%

• To eliminate inflation completely

• To stabilize inflation at 3%

• To return inflation to 2% over time

Which of the following is NOT a factor being considered for future economic decisions?

• International trade agreements

• Supply and demand balance

• Labor market conditions

• Moderate growth

What reports are expected to inform the economic decisions before the September meeting?

• Three GDP reports

• Five housing market reports

• Two job reports and two CPI reports

• Four unemployment reports

What is the current stance of monetary policy according to the transcript?

• Expansive and encouraging economic growth

• Supportive of increased inflation

• Restrictive and putting downward pressure on economic activity

• Neutral with no impact on economic activity

What is the likelihood of raising rates at the September meeting based on the data?

• It is certain that rates will be raised

• It is certain that rates will be held steady

• It is possible to either raise rates or hold steady

• Rates will be lowered