Jerome Powell: “That is right, and I just would reiterate our commitment to this particular supervisory stress test.”

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

without the ability to pay interest on reserves, the Fed would lose control over rates

We may approach that point in coming months

There are no new water features, there’s no beehives, and there’s no roof terrace gardens