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

partly to do with investors buying properties with low interest rate loans partly because of a labor shortage in that sector and partly because of the high cost of materials to build a house house representative patrick mchenry was next to take a swing and he asked jerome point blank about what the federal reserve is planning to do in terms of interest rates going forward jerome began by admitting that it was ready to raise interest rates aggressively until russia invaded ukraine but now things are looking highly uncertain on the interest rate front even so the federal reserve plans to raise rates by 0.25 percent by the end of the month patrick then pressed jerome about whether 0.25 was the maximum or minimum the federal reserve envisions and jerome said that it all depends on whether inflation begins to decline if it does then it won't raise it anymore anytime soon but if it doesn't then it will continue increasing interest rates by the way i covered this in a lot more detail in my video on conflict and crypto so feel free to watch that one after this if you want further context that's in the top right house representative juan vargas kept the tension high with his own line of questioning

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