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?

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

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

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

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