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Powell's 3 Questions

Jerome Powell characterized questions about interest rate hikes into three categories today in his press conference:
• How high?
• How fast?
• How long?
Powell's 3 Questions
Here's how he answered those questions:
MicrophoneHow high:
"A level that will bring inflation to 2%. That level is uncertain and we will find it over time"
MicrophoneHow fast:
"We want to make sure we don't make the mistake of failing to tighten enough or loosening too soon"
MicrophoneHow long:
"At some point it will be time to slow the pace of increases. That point may be next meeting or the one after that"
CoffeeBut also:
"It is premature to be thinking about pausing our rate hikes. We need ongoing rate hikes"
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