Coin Bureau, relaying another source: Fed policy rate will rise

The window it was checked over

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

the labor shortage is also partially due to social benefits that many people continue to receive from the U.S government to that end he subtly suggested that the current Administration stop creating the incentive for those folks to stay at home and not work Jerome finished his speech by saying that three things need to happen before the FED can safely say that inflation is coming down first economic activity must slow AKA GDP has to come down second the housing market needs to crash more and third unemployment needs to go up way up to that End the Fed will continue to raise interest rates though it will start to slow the pace of rate hikes as soon as December this is because the FED is aware that it takes time for its monetary policies to affect the actual economy specifically between one and two years depending on who you ask even so Jerome emphasized that the pace of rate hikes isn't nearly as important as how high the FED will need to actually raise rates and how long it will need to keep them at that level he said that history suggests it will have to keep rates high for a very long time so it will do exactly that this was all somehow perceived as positive by investors because the

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.