Powell Says Economic Risks Remain as Fed Monitors Coronavirus

The video discusses the goals of monetary policy, focusing on employment and price stability. It reviews the current economic situation, highlighting the longest economic expansion, strong labor market, and low inflation. Challenges such as labor force participation and productivity disparities are addressed. The FOMC's accommodative policy stance and interest rate adjustments are explained, along with a review of monetary policy strategy and public engagement. Finally, technical operations, including repo operations and Treasury bill purchases, are detailed.

What challenges does the nation face in terms of labor force participation?

How has the FOMC adjusted its monetary policy stance in response to global economic conditions?

What role does public engagement play in the Federal Reserve's monetary policy review?