Fed's Powell Opens New Phase in Inflation Fight

The speaker emphasizes the commitment to reducing inflation to a 2% target, highlighting the importance of controlling inflation to prevent it from becoming entrenched. They discuss the tools and resolve necessary to restore price stability for American families. The speaker also notes that it is premature to consider pausing efforts, as recent data suggests that interest rates may need to be higher than previously expected. The focus remains on covering the necessary ground to achieve economic stability.

What is the target inflation rate mentioned by the speaker?

• 3%

• 2%

• 4%

• 1%

Why is it important to control inflation according to the speaker?

• To increase government revenue

• To prevent inflation from becoming entrenched

• To boost economic growth

• To reduce unemployment

What does the speaker say about pausing efforts to control inflation?

• It is necessary to pause immediately

• Pausing is recommended by experts

• It is too early to consider pausing

• Pausing will have no effect

What does the speaker suggest about the future level of interest rates?

• They will decrease gradually

• They will be higher than expected

• They will be lower than expected

• They will remain the same

What is the speaker's stance on the progress made towards controlling inflation?

• Inflation is no longer a concern

• There is still ground left to cover

• All goals have been achieved

• Efforts have been paused