Jerome Powell: “The path to sustainably returning inflation to our target has been bumpy, and we expect that to continue.”

Job growth, he said, has slowed considerably and that the downside risks to employment are rising.

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

We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.

I do think that’s right.