Fed's Kaplan: May Adjust Taper View If Delta Curbs Recovery

The transcript discusses the Federal Reserve's approach to inflation, emphasizing that current price pressures are broadening and not merely transitory. It highlights the Fed's dual mandate of controlling inflation and promoting employment, and outlines the tools being used, such as purchasing treasuries and mortgage-backed securities. The speaker stresses the importance of being adaptable, especially in light of uncertainties like the delta variant, and indicates that decisions on interest rates will be made based on evolving economic conditions.

How does the speaker define 'substantial progress' in the context of inflation?

What is the speaker's perspective on the term 'transitory' in relation to inflation?

What dual mandate does the speaker refer to regarding the Federal Reserve's responsibilities?

What concerns do low and moderate-income communities express according to the speaker?

What tools does the speaker mention that the Federal Reserve is currently using?

What factors does the speaker consider when thinking about future decisions regarding the Fed funds rate?

How does the speaker differentiate the current economic situation from the aftermath of the Great Recession?