Jerome Powell: “Policy changes continue to evolve, and their effects on the economy remain uncertain.”

As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.

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

We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.

I’m very focused on just doing my job.