Fed Officials React to US Inflation Slowing

The transcript discusses the pace of rate increases and the need to assess financial and economic conditions. It emphasizes that a slower pace does not imply easier policy. Future rate hikes are expected to slow as a sufficiently restrictive stance is approached. A 50 basis point hike remains significant. The difference between stepping down and adjusting the terminal rate is clarified. A measured approach to rate increases is recommended to evaluate the economy's response, noting the sharp tightening of financial conditions due to policy actions.

What might be the implications of a more measured approach to rate increases?

What has been the impact of the committee's policy actions on financial conditions?