“Federal Reserve microphone” Nick Timiraos: Currently, it is almost certain that the Federal Reserve will raise interest rates in December. After the release of the third strong inflation report, the question is the rate of interest rate hikes: will it continue to raise interest rates by 25 basis points per meeting? Or is it an upfront rate hike of 50 basis points? Or is it releasing a signal indicating that interest rates may be raised continuously at a faster pace by 25 basis points? Such tactical decisions are often made by the chairman. In August 1994, Greenspan was like this; in May 2000, so was Greenspan. In June 2022, Powell raised the rate hike to 75 basis points.

“Federal Reserve microphone” Nick Timiraos: Currently, it is almost certain that the Federal Reserve will raise interest rates in December. After the release of the third strong inflation report, the question is the rate of interest rate hikes: will it continue to raise interest rates by 25 basis points per meeting? Or is it an upfront rate hike of 50 basis points? Or is it releasing a signal indicating that interest rates may be raised continuously at a faster pace by 25 basis points? Such tactical decisions are often made by the chairman. In August 1994, Greenspan was like this; in May 2000, so was Greenspan. In June 2022, Powell raised the rate hike to 75 basis points.