Jerome Powell: “The Committee seeks to achieve inflation that averages 2 percent over time.”

Rising downside risks to employment have shifted our assessment of the balance of risks

I’m very focused on just doing my job.

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

Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.