Jerome Powell: “I would be wary of prescriptive things like limiting dividends and that sort of thing.”

The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.

The Fed’s credibility would be lost.

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

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