Powell Won't Rule Out Fed Hiking at Consecutive Meetings

The video discusses the Federal Reserve's approach to managing the federal funds rate, highlighting the significant rate hikes over the past year. It emphasizes the strong labor market's role in driving economic growth and inflation. Despite restrictive policies, the need for further rate hikes is considered due to stronger-than-expected economic indicators. The video explains the rationale behind holding rates steady at the last meeting and the strategy of spacing out decisions to gather more data. The goal is to achieve a balanced policy stance to bring inflation down to 2% over time.

What has been the change in the federal funds rate over the past year?

What factors are driving the current economic conditions according to the speaker?

What was the median expectation for future rate hikes as noted by the speaker?

Why does the speaker believe that the current policy may not be restrictive enough?

What approach is the speaker suggesting regarding future rate hikes?