Powell: Another Unusually Large Hike Depends on Data

The transcript discusses the Federal Reserve's efforts to address high inflation and maintain economic stability. It highlights the resilience of the economy, the need to reduce inflation to a 2% goal, and the tight labor market. The FOMC has raised interest rates and plans further increases to manage inflation. Economic indicators show slowed growth, but demand remains strong. The Fed is committed to its mandate of maximum employment and stable prices, acknowledging the challenges and uncertainties in the current economic environment.

What measures are being taken to restore price stability?

How has the labor market changed over the past few months?

What are the current inflation rates compared to the target goal?

What factors have contributed to the recent inflationary pressures?

What is the Federal Reserve's approach to managing interest rates?

How does the Federal Reserve plan to balance demand and supply?

What challenges does the Federal Reserve face in achieving its goals?