[VictorPath]

> the central bank projected its benchmark rate hitting 4.4% by the end of the year

> "There will very likely be some softening of labor market conditions," Powell said

> The Fed forecasts the unemployment rate to rise to 4.4% next year, from 3.7% today

The fed changed its rate, forecast a change in unemployment due to that and said there was a "softening of labor market conditions". I guess that counts as "zero direct evidence" in your book for fed intentions. What does Powell need to do for you, walk up to factory gates and do a Donald Trump "you're fired"? I guess when Volcker jacked the rate up in the 1980s and unemployment shot up as well, there was no cause and effect there either.

Some commenter here have a positive or negative view of the rate hike, but either way, it is quite clear to most people, including CBS News, what the fed is intending.

[votepaunchy]

>> The Fed forecasts the unemployment rate to rise to 4.4% next year, from 3.7% today

> The fed changed its rate, forecast a change in unemployment due to that and said there was a "softening of labor market conditions". I guess that counts as "zero direct evidence" in your book for fed intentions.

The headline says “sharply boost”.