Powell Says Fed Getting Close to Restrictive Rates Level

The transcript discusses the current state of restrictive economic policies, emphasizing the need for sustained efforts to achieve price stability. It highlights recent positive inflation reports but stresses the importance of realistic expectations. The discussion covers trends in goods prices and housing services, and concludes with the necessity of maintaining restrictive policies to meet inflation targets.

What is the current view on the inflation reports mentioned in the text?

How long does the speaker believe the process of achieving price stability will take?

What does the speaker mean by 'holding policy at a restrictive level'?

What is the significance of the 12-month core inflation rate mentioned in the text?

What challenges does the speaker identify in achieving price stability?