Powell: Fed Will Raise Rates Higher If Needed

The transcript discusses the potential for additional rate hikes and the flexibility in monetary policy to adjust rates as needed. It highlights the impact of credit tightening on the macro economy, demand, labor market, and inflation. The focus is on monitoring these economic indicators to achieve a policy tight enough to bring inflation down to 2%.

What impact does the speaker suggest credit tightening may have?

What will the speaker do in response to changes in inflation and the labor market?