If entrenched inequities prevent some Americans from participating fully in our labor markets, not only will they be held back from opportunities, but our economy overall will not realize its potential.
Chair Powell emphasizes the impact of inequities on the economy.
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Rising downside risks to employment have shifted our assessment of the balance of risks
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.
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