It is not a foregone conclusion
without the ability to pay interest on reserves, the Fed would lose control over rates
the outlook for employment and inflation does not appear to have changed much since our September meeting
Rising downside risks to employment have shifted our assessment of the balance of risks
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
If we move too slowly, there may be unnecessary losses, painful losses in the employment market.
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the econ...
We may approach that point in coming months
Job growth, he said, has slowed considerably and that the downside risks to employment are rising.
Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slo...
I haven’t heard that.