Bullard Says Fed Should Raise Rates One More Time

The transcript discusses the importance of keeping an extra rate hike based on data analysis. It emphasizes the need for the committee to be prepared to react in a way that does not shock the markets. Additionally, it suggests that markets should consider the probability of such a rate hike, even if it is not the most likely scenario.

What factors should the committee consider when deciding on a rate hike?

How should the committee react to market conditions according to the text?

What is the significance of not shocking the markets?

What does the text suggest about market probabilities regarding future actions?

What are the main possibilities mentioned for the future in the text?