Jerome Powell: “I would say the economy has performed--I said reasonably well so far this year.”

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.

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

Without the ability to pay interest on reserves, the Fed would lose control over rates