Powell Won't Rule Out Hiking Rates at Every FOMC Meeting

The transcript discusses the Federal Reserve's approach to policy rate adjustments, emphasizing the unpredictability of the path due to evolving economic conditions. The Fed plans to be guided by incoming data and maintain transparency in communication. The current economic environment is stronger than in 2015, with a robust labor market and inflation above the 2% target, influencing the pace of policy changes. No specific decisions have been made yet.

What does the Fed mean by being 'humble and nimble' in its policy approach?

In what ways does the Fed plan to communicate its policy decisions?