Jerome Powell: “we understand that high inflation poses significant hardships, especially on those least able to meet the higher costs…”

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

I would agree that climate is the biggest risk.

I won’t bow to political pressure when it comes to setting monetary policy.

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