Powell: Don't Expect 75 Basis-Point Hikes to Be Common

The transcript discusses the current trend of inflation moving towards a 2% target and anticipates ongoing rate increases. The pace of these changes will depend on incoming data and the evolving economic outlook. A recent 75 basis point increase is noted as unusually large, with future increases likely to be 50 or 75 basis points. Decisions will be made on a meeting-by-meeting basis, with clear communication of the rationale.

What is the current trend of inflation according to the speaker?

• Inflation is moving downwards.

• Inflation is unpredictable.

• Inflation is increasing rapidly.

• Inflation is stable at 5%.

What factor will influence the pace of rate changes?

• Political decisions

• Public opinion

• Incoming data and economic outlook

• International trade agreements

How does the speaker describe the recent 75 basis point increase?

• As a common occurrence

• As an unusually large move

• As a minor adjustment

• As a standard procedure

What are the potential rate changes mentioned for the next meeting?

• A 50 or 75 basis point increase

• A 25 basis point increase

• No change in rates

• A 100 basis point increase

What approach will be taken for future rate decisions?

• Decisions will be made annually

• Decisions will be made based on public surveys

• Decisions will be made meeting by meeting

• Decisions will be made by international consensus