Jerome Powell: “The status of the dollar as the world's reserve currency is a very important thing to us.”

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

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

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