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

Said on Dec 10, 2022, at 15:24 in the video.

What was said
Coin Bureau

@coinbureau

“Jerome said that the FED will raise rate slower but hold them higher this will ensure tight Financial conditions without crashing the economy at least he hopes so”
Watch at 15:24Here's What's Going DOWN at The FED!! Jerome's Latest Speech
PredictionFed policy ratewill rise
What happened
Relayed

Somebody else's forecast — not scored

The window it was checked over

Fed policy rateWindow checkedRecession (NBER)
−2%0%2%4%6%201920202021202220232024Said on Dec 10, 2022
−2%0%2%4%6%2019202120222024Said on Dec 10, 2022

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.

Result at every window

All windows are shown, so none is picked

Somebody else's forecast — not scored

What was said around it

seemed to hint that this could happen sooner due to The Peculiar economic and political situation the world finds itself in Jerome seemed to admit that the FED had never expected to see inflation at these levels and with that David opened the floor to the audience and I couldn't help but notice that most of the people asking questions were also the ones asking questions during Michael Barr's Brookings appearance the first question was about risk management regarding interest rates at this point in the hiking cycle Jerome said that the FED will raise rate slower but hold them higher this will ensure tight Financial conditions without crashing the economy at least he hopes so the second question was about the long-term downtrend in labor force participation in the United States Jerome argued that labor force participation was technically flat between 2013 and 2020 but it dropped off significantly at the start of the pandemic and will probably not return to previous levels the third question was about the FED potentially adjusting its four percent unemployment Target given that it was discussing this before Jerome confirmed that yes the FED will be discussing this again David asked whether

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

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