Fed Has 'Broken the Back' of Inflation: JPM's Michele

The video discusses the Federal Reserve's stance on interest rates, highlighting their hawkish approach to inflation. It examines economic indicators, such as oil prices and personal consumption expenditures, suggesting that inflation may have been curbed. The impact of the banking crisis on inflation is considered, noting its typically disinflationary effects. Business surveys indicate a decrease in price plans, and a shift in Fed officials' views on inflation risks is observed.

What are the implications of the Fed officials' statements on interest rates?

How has the Fed's approach to inflation changed over the past year?

What factors contribute to the current disinflationary environment according to the text?

What does the survey of the National Federation of Independent Businesses indicate about small businesses' price plans?

How did the perception of inflation risks change among Fed officials from December to March?