Fed Officials Reiterate Aggressive Stance

The transcript discusses the Federal Reserve's approach to managing inflation, highlighting Sunil Kashkari's stance on interest rate hikes. He emphasizes the need for more aggressive measures to control inflation, despite potential easing next year. The Beige Book reveals concerns about the US economy, including hiring slowdowns and recession risks, suggesting a lag effect of interest rate hikes on the real economy.

What signs of economic slowdown are mentioned in the text?

What does the text suggest about the timing of the real pain in the US economy?