Jerome Powell: “As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect…”

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

It is not a foregone conclusion

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

Without the ability to pay interest on reserves, the Fed would lose control over rates