Jerome Powell: “Greater concerns about the virus could reduce people’s willingness to work in person, which would slow progress in the…”

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

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

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

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