Bill Dudley Sees Fed Pause After Hikes to 5%-5.5% Range

The transcript discusses the challenges of controlling inflation, emphasizing that it may take longer to manage than expected. The Federal Reserve's role in maintaining tight monetary policy to curb inflation is highlighted, with predictions of a recession induced by these policies. The discussion also covers potential interest rate hikes, projecting a peak in the 5-5.5% range, and the Fed's strategy to maintain rates to slow the economy and reduce inflation.

What factors does the speaker believe will influence the Fed's monetary policy?

What is the expected peak benchmark rate according to the speaker?