Francine Lacqua speaks to a panel of Bloomberg experts including Bloomberg Opinion columnist Marcus Ashworth, reporter Tom Rees, and Ana Andrade of Bloomberg Economics. They discuss the central bank’s strategy and what moves the monetary policy committee might make next. 

“We’re at a real crunch point,” Rees says. The choice between quick or slow action is a tough one, given the tight labor market, mortgage and rent strains and higher living costs.