Coin Bureau: Interest rates 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

Autumn and the comments from Jerome's speech this year for Reference last September the FED started shrinking its balance sheet to the tune of 95 billion dollars per month this has the Practical effect of raising interest rates particularly longer term interest rates this effect was dampened by the banking crisis in March when the Fed was forced to stimulate a bit again since March however the fed's balance sheet has been falling again and this has been contributing to the recent rise in longer-term interest rates from a technical perspective it looks like longer term interest rates are about to rise even higher and accelerated balance sheet shrinkage could be the catalyst there is some evidence for this in Jerome's comments he specified that the FED had reduced its balance sheet significantly over the last year and that there would be quote further drags in the pipeline this could be a reference to the FED planning on accelerating its balance sheet runoff in the near future as we've seen over the last few weeks a rise in longer term interest rates tends to push markets down this is probably because raising longer-term interest rates does more damage to the actual economy one example

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