Powell Says It's Possible Fed Raises Rates in September

The transcript discusses a meeting-by-meeting approach to economic decision-making, focusing on inflation and economic data. It highlights the importance of assessing various reports, such as CPI and job reports, to determine future rate hikes. The strategy involves careful evaluation of economic conditions, with potential actions including raising rates or holding steady, depending on the data. The overall goal is to manage inflation and economic activity effectively.

What are the potential outcomes for the September meeting based on the data discussed?

What does the speaker mean by saying that monetary policy is currently restrictive?