Here's your summary from Fed Policy Sufficiently Restrictive, JPM's Michele Says (https://www.youtube.com/watch?v=Fr_Ygsu_ICg) on the Bloomberg Television channel:

**TLDR:** JPM's Michele believes Fed policy is sufficiently restrictive due to high interest rates and slowing economic indicators.

1. JPM's Michele believes current Fed funds rate is strong enough to slow down the economy.

2. Personal consumption expenditures are slowing down, indicating disinflationary trends.

3. Despite fiscal transfers during the pandemic, there is still excess money in the system causing inflation and strong growth.

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