Jerome Powell: “The strong majority of the committee believes that it will be appropriate to raise the Federal funds rate again once or…”

Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy

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

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

The outlook for employment and inflation does not appear to have changed much since our September meeting