Michael Gapon, chief US economist at Morgan Stanley, said, “If the central bank determines that the current policy is not restrictive and oil prices continue to be high, then there is still a lot of work to be done.” After the interest rate meeting, he raised his expectations. Including this rate hike, interest rates will be raised three times throughout the year, compared to the previous forecast of two. The 2-year US Treasury yield, which is highly sensitive to the Fed's interest rate expectations, climbed to the highest level in more than two years. Walsh said that the above policy views were shared by the Interest Rate Decision Committee. James Eggelhoff, chief US economist at BNP Paribas, explained that the signals released by Walsh indicated that the two rate hikes estimated by officials this year “are probably just the beginning of a long cycle of austerity.” Gregory Peters, chief investment officer of Prudential Credit, believes that this rate hike is the starting point of a path of interest rate hikes, not a one-time adjustment. He said that unless inflation data changes, “it's hard to judge that they won't continue to raise interest rates next month.” Eggelhoff said that this press conference was a “strong attempt to actively repair the credibility of the policy,” and the expected bitmap of full support provided support for this. “Leading a team is much easier when you have a team behind you; there's no need to struggle to piece together a set of consensus statements to persuade an already divided committee.”

Michael Gapon, chief US economist at Morgan Stanley, said, “If the central bank determines that the current policy is not restrictive and oil prices continue to be high, then there is still a lot of work to be done.” After the interest rate meeting, he raised his expectations. Including this rate hike, interest rates will be raised three times throughout the year, compared to the previous forecast of two. The 2-year US Treasury yield, which is highly sensitive to the Fed's interest rate expectations, climbed to the highest level in more than two years. Walsh said that the above policy views were shared by the Interest Rate Decision Committee. James Eggelhoff, chief US economist at BNP Paribas, explained that the signals released by Walsh indicated that the two rate hikes estimated by officials this year “are probably just the beginning of a long cycle of austerity.” Gregory Peters, chief investment officer of Prudential Credit, believes that this rate hike is the starting point of a path of interest rate hikes, not a one-time adjustment. He said that unless inflation data changes, “it's hard to judge that they won't continue to raise interest rates next month.” Eggelhoff said that this press conference was a “strong attempt to actively repair the credibility of the policy,” and the expected bitmap of full support provided support for this. “Leading a team is much easier when you have a team behind you; there's no need to struggle to piece together a set of consensus statements to persuade an already divided committee.”