Fed's Harker Sees 'Deliberate, Methodical' Hikes Ahead

The video discusses the current inflation pressures driven by rising oil, gas, and commodity prices, alongside supply chain constraints exacerbated by COVID-19 lockdowns in China. Inflation is widespread, affecting a broad range of goods. The Federal Reserve is responding with fiscal and monetary policies, including raising the Fed funds rate for the first time since 2018 and planning further rate hikes and asset reductions to manage inflation.

What is the significance of the Fed funds rate hike mentioned in the text?

What are the anticipated future actions regarding Treasury Securities and other debts?