Jerome Powell: “I have said publicly, and I think this is right, that we would want very broad support in society and in Congress.”

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

The outlook for employment and inflation does not appear to have changed much since our September meeting

If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.

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