Powell: Fed Focused on Sustained Financial Conditions

The transcript discusses the implementation of policy restraint to bring inflation down to 2%. It emphasizes the focus on sustained changes in broader financial conditions rather than short-term moves. The current policy stance is not yet sufficiently restrictive, necessitating ongoing hikes. Various factors, not just policy, affect financial conditions, and these will be considered in decision-making.

What is the speaker's judgment regarding the current policy stance?

What factors, besides policy, are considered to affect financial conditions?