Fed Likely to Keep 25 Bps Pace of Rate Hikes: Kroszner

The transcript discusses the uncertainty in economic data and the importance of keeping options open in decision-making due to global risks. It highlights the potential for rate hikes and the need for flexibility in response to inflation and labor market changes. The base case is a gradual rate increase with a cautious approach to future economic conditions.

What factors contribute to the uncertainty in economic data as mentioned in the text?

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Discuss the potential risks mentioned in the text that could disrupt traditional economic plans.

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What is the significance of keeping options open in the context of economic planning?

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How might inflation and labor market conditions affect the decision-making process of economic authorities?

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What is the expected approach of economic authorities regarding rate changes in the near future?

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