Translation:

 

September 21, 2022 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT

"In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals.

(FOMC inflation goal is 2%.

"prepared to adjust the stance of monetary policy as appropriate if risks emerge"

(In other words? When we get close to defaulting? Were gonna dial interest rates back and let inflation run rampant. Yup. Welcome to your world.)