📈The economy has made considerable progress towards the Fed's dual mandate objectives.
🏦Inflation remains above the Fed's target of 2%, but measures are being taken to bring it down.
💼The labor market continues to perform well, with strong job creation and increasing labor force participation.
📉The Fed remains cautious about the economic outlook and will make policy adjustments as necessary.
💵The Fed is gradually reducing its securities holdings and will maintain a restrained monetary policy.
What is the Federal Reserve's dual mandate?
—The dual mandate refers to the Fed's responsibility to promote maximum employment and stable prices.
What is the current level of inflation?
—Inflation remains above the Fed's 2% target, but measures are being taken to bring it down.
How is the labor market performing?
—The labor market continues to perform well, with strong job creation and increasing labor force participation.
What is the Fed's approach to monetary policy?
—The Fed is gradually reducing its securities holdings and will maintain a restrained monetary policy.
Will the Fed make any immediate changes to its policy rates?
—The Fed decided to leave its policy interest rate unchanged, but will continue to monitor the economic outlook and make adjustments as necessary.
23:46The economy has made considerable progress towards the Fed's dual mandate objectives.
26:00Inflation remains above the Fed's target of 2%, but measures are being taken to bring it down.
29:14The labor market continues to perform well, with strong job creation and increasing labor force participation.
