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

for August had come in above expectations in past press conferences Jerome would have underscored this fact instead he focused on the fact that fed officials expect inflation as measured by the pce to come down to two percent over the next two years this not only implies that there will be no recession but that there will be a soft Landing inflation will come down with no recession recall this is supposed to be bullish defense projections for interest rates should also have been bullish Jerome noted that most fed officials believe one more rate hike of 25 basis points 0.25 percent is appropriate between now and the end of the year and then quickly noted that the Fed foresees rate Cuts sometime next year again this is supposed to be bullish yet the markets crashed as Jerome spoke not only that but Jerome took an uncomfortably long pause when discussing the rate Cuts probably nothing Jerome stressed that these projections assume that the economy will evolve as expected meaning the GDP figures and the unemployment figures until then though the FED will continue to quote significantly reduce the size of its balance sheet and raise interest rates if need be now once Jerome finished his speech

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