Fed's Bowman Sees More Rate Hikes to Reach Inflation Goal

The video discusses the Federal Reserve's challenges in achieving a soft landing amidst current economic conditions. It highlights a strong labor market and moderate inflation, with the Fed's strategy to increase the federal funds rate to achieve a 2% inflation goal. The discussion includes future economic projections and the need to balance demand and supply.

In what ways might community bank CEOs prepare for future economic conditions based on the Fed's projections?

What is the significance of the Fed's 2% inflation goal?