How Worried Should the Fed Be About Inflation?

The video discusses concerns about low inflation and the end of quantitative easing. It analyzes inflation expectations through Treasury notes and bonds, and examines the Personal Consumption Expenditures Index, the Fed's preferred inflation measure, which has been below 2% for 28 months. The impact of crude oil prices, which have dropped significantly, is also considered. The Fed acknowledges the risk of persistent low inflation but believes it has diminished. Viewers are encouraged to monitor these inflation gauges to understand future trends.

What was the price of crude oil mentioned in the text?

What did the Fed mention about the risk of inflation remaining persistently below 2%?