Yellen Says Fed's Focus Has Shifted to Sustaining Growth

The video discusses the current economic policy stance, emphasizing the need to maintain progress by transitioning to a more neutral monetary policy. It explains the shift from aggressive economic stimulation to a balanced approach, aiming to gradually raise interest rates to prevent overheating and inflation. The goal is to avoid rapid rate increases that could lead to a recession, ensuring the economy remains stable and aligned with expectations.

What is the current stance of monetary policy described in the text?

What does the speaker mean by 'coasting' in relation to the economy?

What is the estimated neutral stance of short-term interest rates according to the text?

How does the speaker suggest the economy should be managed to avoid overheating?

What are the potential consequences of raising interest rates too rapidly?