Powell Says Fed to Offer Less 'Clear Guidance' on Rates

The transcript discusses the current state of inflation and the policy measures being considered to address it. It highlights the rapid rate hikes and their potential impact on the economy, suggesting that more tightening may be needed. The committee's goal is to reach a moderately restrictive policy level, with projections for interest rates provided. The decision-making process is now based on meeting-by-meeting data analysis, moving away from previous clear guidance.

What does the committee believe about the current stance of policy regarding inflation?

What is the target inflation rate mentioned in the text?

What is the significance of the median data point mentioned for the end of the year?

What factors will influence the decision-making process regarding rate hikes?

How does the committee plan to approach future meetings regarding policy decisions?