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

substantially more evidence that inflation is declining Jerome also revealed that the FED sees inflation risks as being skewed to the upside he then started to repeat what he was saying earlier in his speech and his sudden shuffling of paper suggests that he had accidentally skipped back to the first page of his notes this is the person steering the global economy folks Jerome then explained that the FED is slowing its pace of rate hikes because it knows it takes time for them to affect the actual economy he also discussed the fed's latest Dot Plot which revealed that most fed officials see interest rates at five percent or higher in 2023 as I mentioned earlier this is ultimately what caused markets to crash this is because interest rates being at five percent or higher means that the FED will have to either hike higher during its next two meetings or hike for longer in smaller increments neither outcome was being priced in by investors now Jerome ended his speech by emphasizing that the FED will continue to raise interest rates to bring demand back in line with Supply in order to bring inflation back down he also warned that history proves that lowering interest rates too soon can result in

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