Jerome Powell: “What those sectors really need is an end to the pandemic, and people will then become confident again.”

It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.

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

As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.

The Fed’s credibility would be lost.