Jerome Powell: “My hope is that we can work together to do so again--and to build a stronger American economy for future generations.”

Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy

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.