Jerome Powell: “We always turn over all of our earnings in every year.”

So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.

I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.

Rising downside risks to employment have shifted our assessment of the balance of risks

The U.S. economy is in solid shape.