Jerome Powell: “It is absolutely the case that Congress will need to authorize the Federal Reserve to issue a CBDC.”

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

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

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