Powell Says Rate Hikes Could Cause a Recession

The video discusses the necessity of implementing a restrictive monetary policy to maintain economic stability. It highlights the risks of high interest rates potentially leading to a recession and the importance of restoring price stability to prevent entrenched inflation. The speaker emphasizes a strong commitment to reducing inflation to 2% over time, which is crucial for achieving a desirable labor market.

What is the desired inflation rate that the public should believe will be restored?

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What commitment does the speaker express regarding inflation?

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