Coin Bureau, relaying another source: Inflation will fall

The window it was checked over

Consumer price index (CPI): U.S. Bureau of Labor Statistics 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

believe this phenomenon is why this recession will be different people may not lose their jobs on mass because there's no one else to hire as far as fed officials are concerned however all this means is that they will need to keep interest rates higher for longer to crush inflation this is why they simultaneously project a more gradual increase in the unemployment rate which could last until as late as 2025. that would be a long recession now the Silver Lining is that the FED also projects that housing costs will finally start to come down later this year and they're confident that inflation of all kinds will come down by 2025. this of course assumes that nothing in the financial system will break but it appears they didn't dwell on this possibility instead they focused on the fact that inflation is more likely to rise than fall in the short term and how the fed's response is likely to result in a recession in the U.S later this year this has been the consensus view for months now the only question is how deep this recession will be and how long it will last in the fifth section of the minutes fed officials return to the topic of current economic conditions fed officials seem to imply

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