Powell Says Fed Is in 'Active Consideration' of Tapering

The video discusses the current economic situation, highlighting elevated unemployment and inflation levels. It outlines plans to reduce asset purchases once substantial economic progress is achieved, referencing meetings to assess this progress. Additionally, it sets a higher benchmark for raising interest rates, indicating a cautious approach to future economic policies.

What are the two main economic issues highlighted in the current state of the economy?

• High unemployment and low inflation

• Low unemployment and high inflation

• High unemployment and high inflation

• Low unemployment and low inflation

What condition must be met before reducing asset purchases?

• A decrease in unemployment

• Substantial further progress in the economy

• A rise in interest rates

• A decrease in inflation

When is the next meeting scheduled to assess the economy's progress?

• In 2 weeks

• In 4 weeks

• In 1 week

• In 3 weeks

What is the main focus of the meetings discussed in the second section?

• Decreasing unemployment

• Reducing asset purchases

• Increasing inflation

• Raising interest rates

What is the nature of the test set for raising interest rates?

• It is a lower test than for reducing asset purchases

• It is unrelated to the test for reducing asset purchases

• It is the same as the test for reducing asset purchases

• It is a higher test than for reducing asset purchases