Powell: Fed Staff No Longer Forecasting Recession

The speaker discusses the economic outlook, focusing on achieving inflation targets without significant job losses. They highlight the resilience of the economy and note that staff forecasts no longer predict a recession. The importance of having independent staff forecasts alongside FOMC participant forecasts is emphasized, as it brings diverse opinions that enhance decision-making.

What is the teacher's view on achieving inflation targets without significant downturns?

What does the staff forecast indicate about the growth starting later this year?

What recent economic resilience has affected the recession forecast?

How does the staff's independent forecast contribute to the decision-making process?

What is the significance of having a diversity of opinion in the forecasting process?