Fed Delivers Biggest Rate Hike Since 2000, More Could Be Coming

The transcript discusses the committee's expectations that inflation is under control and starting to decrease. It mentions that a 75 basis point increase is not being considered, but additional 50 basis point increases are on the table for upcoming meetings. The committee is prepared to adjust rates to higher levels if necessary to maintain control over inflation.

What is the general sentiment of the committee regarding future interest rate increases?

How does the committee plan to respond if higher rates are required?