Jerome Powell: “I think my confidence in that is lower than it was because of the data that we've seen.”

If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.

We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.

The U.S. economy is in solid shape.

As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.