Jerome Powell: “We're in the right place to wait and see how things evolve. We don't feel like we need to be in a hurry. We feel like…”

It is not a foregone conclusion

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

The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.

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