Reply To: Federal Reserve Again Raises Rates 50bps as Expected, Hawkish Revisions to Unemployment and Inflation

Helmholtz Watson

Powell Q&A: The ultimate top in rates is ‘very uncertain’

We’ve moved 3.75 percentage points since March
We’re saying we will hike to a level that’s sufficiently restrictive to tame inflation over time
We think there’s some ground to cover, and cover it we will
The ultimate top is ‘very uncertain’ but CPI and labor data suggests to me it will be higher than previously throught
The time to slow the pace of hikes could be at the next meeting or the one after that. It will be discussed at the next meeting
I’m pleased we’ve moved as fast as we have.
I don’t think we’ve overtightened
We had a discussion at this meeting about slowing rate hikes