Jerome Powell: “We will do that. I will say, though, that monetary policy as a tool is famously a broad--it is a broadly effective tool.”

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

Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.

We may approach that point in coming months

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