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?

Evaluate responses using AI:

OFF

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

Evaluate responses using AI:

OFF

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

Evaluate responses using AI:

OFF

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

Evaluate responses using AI:

OFF

How does the speaker plan to communicate their decisions?

Evaluate responses using AI:

OFF