Powell: Possibility That Fed Would Pause, But Not Now

The video discusses the need to adjust the policy rate to a restrictive level to reduce inflation to 2%. It covers current views on appropriate policy levels, potential future adjustments, and the current position of the policy. The committee believes there is still a way to go to reach the desired level.

What is the primary goal of adjusting the policy rate according to the speaker?

• To increase economic growth

• To bring inflation down to 2%

• To decrease unemployment

• To stabilize the stock market

How does the speaker describe the current state of people's views on policy levels?

• They are fixed and unchanging

• They are evolving over time

• They are irrelevant to the policy

• They are unanimously agreed upon

What does the speaker suggest about the possibility of maintaining a certain policy level?

• The level will be changed every month

• There is no need to maintain any level

• A confident level might be maintained for a time

• It is impossible to maintain any level

According to the speaker, what is the current status of the policy rate?

• It is at the lowest restrictive level

• It is at a neutral level

• It is at the highest restrictive level

• It is not yet restrictive

What does the speaker imply about future policy rate adjustments?

• Adjustments are complete

• Adjustments will be made only if necessary

• There is a long way to go for adjustments

• No further adjustments are needed