The six monthly indicators used by official arbiters are not flashing red.
Some Fed watchers say markets read Powell's press conference too narrowly.
Surveyed economists expect the Fed to shift to quarter-point hikes the remainder of the year.
The nonpartisan panel has gone out of its way to keep politics out of the process.
Bloomberg estimates that there is a better than one-in-three chance of a recession within a year.
Some economists and asset managers believe the U.S. is already in a recession.
Fed St. Louis President James Bullard repeated his call for further “front-loading” of rate hikes to contain inflation.
Fed Chair Jerome Powell and his colleagues have pivoted aggressively to fight the hottest inflation in 40 years.
Real wages for many workers appear to be declining, a sign that the labor market may not be "tight."
Kansas City Fed President Esther George was the sole dissenter in the decision to raise rates 75 basis points.