Jerome Powell: “We don't have to be in a hurry. The economy is resilient and doing fairly well.”

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

If we move too slowly, there may be unnecessary losses, painful losses in the employment market.

The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.

If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well.