The Key Takeaways From the Latest FOMC Meeting Minutes

The transcript discusses the Federal Reserve's considerations on the pace of rate hikes, highlighting a substantial majority's view that slowing the pace would soon be appropriate due to uncertainties about the effects of previous tightening. There is debate over the ultimate level of the Fed funds rate needed to control inflation, with some participants expecting it to be higher than previously thought. The transcript also covers issues in the UK's market, ethical standards at the Fed, and market reactions to potential future rate changes. The 'slower but higher' strategy is explored, aiming to balance economic monitoring with inflation control.

What did Chair Powell suggest regarding the expected rate at the December 14th meeting?

What is the significance of the discussion on ethical standards at the Fed during the meeting?