Coin Bureau, relaying another source: 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

0.5% bringing short-term interest rates down from around 5.5% to 5% notably he claimed that the FED decided to cut by 50 basis points because it's confident that employment will remain strong for reference many believed that the FED would not cut by 50 basis points because it would send the opposite signal cutting by such a large amount could suggest that the FED doesn't think that employment will stay strong Jerome's comments were an attempt to dismiss this possibility and Jerome then said another notable thing and that's that the FED will continue to let its balance sheet run off in plain English the FED will continue selling assets from its balance sheet the Practical effect of this is that it will cause long-term bond prices to fall and long-term interest rates to rise sound familiar we'll come back to that later though now Jerome went on to give an overview of all the key data points around the economy and inflation as well as where the FED sees them all heading this information is provided in the fed's summary of economic projections or sep a document that it updates at every other fed meeting if you've looked at the most recent SCP you'll know that there's not much to write

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