Powell Still Sees Risks of Inflation to the Upside

The transcript discusses the balance of risks in monetary policy, focusing on reaching a sufficiently restrictive funds rate. It highlights the progress made from low interest rates to a more balanced state, while acknowledging ongoing inflation risks. The importance of core inflation data is emphasized, and the strategy of moderating the pace of policy changes is explained, considering the lag in financial conditions' effects.

What is the current perspective on the balance of risks according to the speaker?

What does the speaker suggest is necessary for a sufficiently restrictive funds rate?

How does the speaker view the risks to inflation currently?

What evidence does the speaker want to see regarding inflation trends?

What is the speaker's opinion on the timing of the effects of financial tightening?