1. Choice either or What was Chairman Powell's general assessment of the economy? The economy will likely (Continue to grow/ fall into recession) . There is more (certainty/uncertainity) of that assessment. The likelihood of the economy moving in the other direction has (risen/Fallen) 

2.Based on Chairman Powell's remarks, his impression of the economy is (dismal/Favorable) . He acknowledges that the situation may change, and he alludes to (uncertainties/ policy measures) that may cause problems. Although not explicit, his main concern seemed to be (a possible recession/ rampant inflation) . If his fears are realized, the Fed's most likely response would be to takes steps to (raise / lower) 

3. What sentiment did Chairman Powell not express in the video? Powell did not imply that the unemployment rate was at an historically low level. there was strong consensus among the FOMC members that intervention was necessary. inflation was returning to a level of about 2%. the Fed will closely monitor changing economic conditions to determine when or if intervention is necessary. 

4. Which statement best summarizes Powell's description of current economic conditions? The economy is weak and in need of Fed intervention via monetary policy. weak because of looming uncertainties. strong but with higherthandesirable unemployment. strong with low unemployment and inflation. interest rates.

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1 Chairman Powells general assessment of the economy is that it will likely continue ... View the full answer