Powell: Peak Rate May Rise If Strong Labor Data Persists

The transcript discusses expectations for inflation rates by the end of the year, aiming for a reduction to 2% despite current rates being around 4-4.5%. It highlights the importance of reacting to economic data, such as labor market reports, which may necessitate further rate hikes to manage inflation effectively.

What is the target inflation rate by the end of the year according to the speaker?

• 3%

• 2%

• 1%

• 4%

What is the current estimated range of inflation mentioned by the speaker?

• 2% to 2.5%

• 3% to 3.5%

• 4% to 4.5%

• 5% to 5.5%

What is the speaker's organization expected to do regarding inflation?

• Increase government spending

• Lower interest rates

• React to inflation data

• Ignore inflation data

What might trigger more aggressive economic measures according to the speaker?

• Weak labor market reports

• Decreasing inflation rates

• Stable inflation reports

• Strong labor market reports

What action might be taken if inflation reports are higher than expected?

• Decrease taxes

• Reduce government spending

• Maintain current policies

• Increase interest rates