Fed's Harker Sees 'A Few More' Rate Hikes This Year

The transcript discusses a theory about Wall Street communication, emphasizing that Fed officials, including Harker, Brainard, and Williams, are independently suggesting a reduction in stimulus while maintaining a restrictive policy rate. They agree that inflation remains high, requiring further monetary policy actions. The consensus is to raise rates gradually, with a focus on a 25 basis point increase at the next meeting.

What are the implications of the statements made by the Fed leadership regarding stimulus?

What does the phrase 'put that in the bank' imply in the context of the meeting?