Fed's Goolsbee Says He's Undecided About June Decision

Fed's Goolsbee Says He's Undecided About June Decision

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses concerns about the economy following significant rate increases and the potential for further rate hikes. It highlights the importance of not committing to decisions too early, considering financial stresses, and aiming to control inflation without causing a recession. The speaker reflects on past meetings, noting the impact of bank stresses and the need to incorporate new data into decision-making. The goal is to achieve economic stability while monitoring key indicators like job vacancies and retail sales.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the speaker's sentiment regarding the decision-making process in the last meeting?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What observations were made about retail sales and inflation in the recent data?

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