Rupkey Says Pace of Fed Hikes Depends on Unemployment Data

The transcript discusses the Federal Reserve's statement and its impact on market expectations, focusing on potential rate hikes. It examines the role of unemployment rates in determining future rate hikes and the possibility of economic overheating. The discussion also covers inflation indicators used by the Fed and historical perspectives on inflation.

What historical context does Fed Chair Powell reference regarding inflation?

What might happen if unemployment remains steady at 3.7% for several months?