Jerome Powell: “I think that is a pretty good guess of what will happen if the economy performs about as expected.”

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

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 might be.

If we move too slowly, there may be unnecessary losses, painful losses in the employment market.

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