Fed's Powell: Don't See 2% Core Inflation Before 2025

The transcript discusses the current and future outlook of inflation, specifically core inflation, and its implications on monetary policy. It is projected that core inflation will not reach 2% until 2025. The discussion also covers the conditions under which policy might be loosened, emphasizing that current conditions do not support such a change.

What is the speaker's outlook on achieving a 2% inflation rate in the near future?

• It is unlikely to be achieved this year or next.

• It will be achieved next year.

• It will be achieved this year.

• It has already been achieved.

By what year does the speaker expect core inflation to reach 2%?

• 2023

• 2026

• 2024

• 2025

What does the speaker suggest about economic restrictions in the future?

• They are not necessary.

• They will remain for a long time.

• They will be tightened further.

• They will be lifted soon.

Under what condition might the policy be loosened according to the speaker?

• If core inflation remains stable.

• If inflation decreases sharply and is confidently on a path to 2%.

• If headline inflation surpasses core inflation.

• If inflation increases sharply.

What is the speaker's current stance on loosening policy?

• They are planning to do it soon.

• They are considering it now.

• They have already started loosening policy.

• They are not thinking about it now or in the near future.