Powell Cites Dot Plot as GOP Presses on Future Hikes

The transcript discusses Jerome Powell's response to questions from the Republican Party about future rate hikes, emphasizing his reference to the dot plot. Powell maintains a consistent message, pointing to the dot plot as a guide, indicating a potential rate hike to 5.1%. Despite market expectations of cuts, Powell reiterates that this is not the base case, highlighting a disconnect between market pricing and official projections.

What was Powell's response when asked about future rate hikes?

• He promised no more hikes.

• He announced a new policy.

• He referred to the dot plot.

• He avoided answering.

How does Powell's communication with Congress compare to that with reporters?

• Congress gets more detailed information.

• Reporters get more detailed information.

• Both get the same information.

• Neither gets any information.

What does the dot plot indicate about the rate by year-end?

• It will decrease to 3.5%.

• It will remain at 4.0%.

• It will reach 5.1%.

• It will increase to 6.0%.

What is the market's expectation regarding rate cuts?

• The market expects increased rates.

• The market expects future cuts.

• The market expects immediate cuts.

• The market expects no cuts.

What is Powell's stance on the market's expectation of rate cuts?

• He agrees with the market.

• He plans to follow the market.

• He is uncertain about it.

• He denies it as their base case.