Powell to Say Fed Will Keep Inflation From Taking Root

The transcript discusses the Federal Reserve's focus on inflation and a strong labor market, highlighting the Fed's commitment to its dual mandates of maximum employment and price stability. It mentions the Fed's use of tools to support economic recovery post-pandemic and its efforts in regulating the financial system, addressing challenges like cryptocurrencies and cyber threats. The transcript also notes the political implications of inflation for Congress members.

What role do members of Congress play in relation to the Fed's inflation problem?

What are the two main mandates of the Fed mentioned in the text?

In what ways does the speaker suggest the Fed is addressing inflation?

How does the speaker describe the current state of the economy since the pandemic began?

What challenges does the Fed face according to the text?