Fed's Powell: Slowing Down Rate Hikes Is Appropriate

The transcript discusses the decision to slow the pace of rate increases, influenced by recent CPI reports showing inflation deceleration. The speaker emphasizes a meeting-by-meeting approach, considering various factors, including incoming data, to determine future rate hikes. The goal is to balance risks and adjust the pace appropriately, without committing to a specific rate hike size yet.

What is the significance of being 'mindful of the legs of policy'?

What does the speaker mean by 'moving to a slower pace' in monetary policy?