Does the Federal Reserve Need Further Interest Rates Hikes?

The video discusses the Federal Reserve's current stance on interest rates, highlighting differing views among officials. Michelle Bowman advocates for more rate hikes to control inflation, citing a tight labor market. John Williams, however, takes a centrist approach, acknowledging improvements but emphasizing the need for balance. Upcoming economic indicators, such as the CPI, are expected to influence future decisions.

What is Michelle Bowman's expectation regarding future rate hikes?

What does Michelle Bowman emphasize about the labor market?

How does John Williams view the current data regarding inflation and rate hikes?

What factors does John Williams mention that could affect inflation and rate decisions?

What are the expected changes in the Consumer Price Index (CPI) according to the text?