Jerome Powell: “It is unsustainable to have effectively the U.S. housing finance system on the government's books for the long run.”

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.

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

we don’t take into consideration political factors

It is not a foregone conclusion