Fed's Waller Supports Another 75 Basis Point Rate Hike

The transcript discusses the need for a more restrictive setting in terms of interest rates and policy. It supports a 75 basis point hike in July, possibly followed by a 50 basis point increase in September. Future decisions will depend on inflation trends, with potential for further action if inflation does not decrease.

What is the urgency expressed regarding the interest rate policy?

What actions are suggested if inflation does not decrease?