Powell: Don't Expect 75 Basis-Point Hikes to Be Common

The transcript discusses the current trend of inflation moving towards a 2% target and anticipates ongoing rate increases. The pace of these changes will depend on incoming data and the evolving economic outlook. A recent 75 basis point increase is noted as unusually large, with future increases likely to be 50 or 75 basis points. Decisions will be made on a meeting-by-meeting basis, with clear communication of the rationale.

What is the anticipated target for inflation mentioned in the text?

What factors will influence the pace of rate changes according to the speaker?

What was the size of the recent basis point increase mentioned?

What are the two possible basis point increases mentioned for the next meeting?

How does the speaker plan to communicate their decisions?