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…”

When you significantly slow the growth of the labor force, you will slow the growth of the economy.

I haven’t heard that.

What keeps me awake at night is how do we get that done? I want to hand over to my successor an economy in good shape, and so do all of my colleagues, that's all we ever want.

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