Fed's George Warns Jumbo Hikes Risk 'Oversteering'

The transcript discusses the Federal Reserve's recent and upcoming interest rate hikes, highlighting the largest increase since 1994. Miss George expresses caution about the pace of these hikes, warning of potential recession risks. In contrast, Rafael Bostic believes the economy can handle the hikes, citing a strong labor market and low unemployment. Despite differing opinions, most Fed officials and investors expect a 75 basis point increase, with no strong case for a larger hike.

What was the significance of last month's rate hike by the Fed?

• It was the smallest since 1994.

• It was the largest since 1994.

• It was the first rate hike in 2022.

• It was a decrease in interest rates.

What concern did Miss George express regarding the Fed's actions?

• The rate hikes are not frequent enough.

• The pace of rate hikes might harm consumers and businesses.

• The rate hikes are too small.

• The rate hikes are not well-publicized.

What is Rafael Bostic's view on the economy's ability to handle rate hikes?

• The economy needs a pause in rate hikes.

• The economy should have larger rate hikes.

• The economy can handle the rate hikes due to a strong labor market.

• The economy cannot handle any more rate hikes.

What is the general consensus among Fed officials regarding the next rate hike?

• A 75 basis points hike.

• A 100 basis points hike.

• No rate hike.

• A 50 basis points hike.

What does Mr. Bostic not see a case for in terms of rate hikes?

• A 50 basis points hike.

• A 75 basis points hike.

• No rate hike.

• A 100 basis points hike.