Powell Says Majority of FOMC See Two More Hikes in 2023

The transcript discusses the committee's economic forecasts, expecting modest growth below the long-term U.S. rate and a gradual cooling of the labor market. Inflation is anticipated to decrease, with the possibility of raising the federal funds rate once or twice by year-end. The committee emphasizes a moderated decision-making pace, focusing on achieving a 2% inflation target over time.

What is the expected growth rate of the United States economy according to the committee?

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How does the committee expect the labor market to change in the future?

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What is the committee's expectation regarding inflation in the coming year?

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What actions does the committee believe will be appropriate regarding the federal funds rate?

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What does the data show about public belief in the committee's ability to manage inflation?

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