CNBC Closing July 3, 2024
Dont see a rate hike it would stand to reason you would need the rate hike to get from 2 to 3. Was there discussion about a rate hike in todays and are you satisfied with 3 inflation for the rest of the year . Well, of course we are not satisfied with 3 inflation, 3 can not be in a sentence with satisfied. We will return inflation to 2 over time. But it is overtime. We think our policy stance is appropriate to do that. So if we were to conclude that policy is not sufficiently restrictive to bring inflation to 2 then that would be what it would take for it to increase rates. We dont see that, w...