Trichet: Fed Prepared Market Well for Rate Increase

The transcript discusses the Federal Reserve's approach to interest rate hikes in response to rising wages and employment. The speaker expresses confidence in the Fed's decisions and highlights the importance of market preparation for rate increases. The discussion also covers expectations for future rate hikes and the Fed's data-dependent approach to monetary policy.

What is the significance of the word choice in the Federal Reserve's communication?

In what way does the speaker suggest the Federal Reserve will approach future rate increases?