More from The Fed column

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Fed’s Evans sees tide of inflation turning this year

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Richmond Fed’s Barkin said interest-rate hikes to depend how quickly inflation slows

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Brainard says Fed won’t ban bank lending to oil and gas sector or gun manufacturers

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Fed’s Harker sees ‘fair amount of tightening’ this year

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Fed’s Mester backs shrinking balance sheet ‘as fast as we can’ without pushing markets off track

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Fed’s George urges faster drawdown of $8.5 trillion in assets and ‘more normal’ interest-rate strategy

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Powell paints the picture of a soft landing, says Fed can cool inflation without damaging labor market

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Fed’s Mester sees 3 rate hikes this year, starting in March

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Fed’s Powell pledges to prevent inflation from developing deep roots

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Summers says economy is running above its speed limit and Fed has to slam on brakes

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Fed’s Daly says balance sheet shrinkage could start after one or two rate hikes

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Fed’s Bullard says first rate hike could come as soon as March

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Fed minutes paint a picture of a central bank ready to swiftly abandon easy policy stance

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Fed’s Kashkari, a leading dove, backs two interest-rate hikes this year

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Interest rate hike needed ‘shortly’ after March end to asset purchases, Fed’s Waller says