I think every study does consider the question--every study I have seen--I have not read them all, but I have read a lot of them--every study that I have seen does consider the question and consider regulation as one of a series of factors.
Powell emphasizes that studies consider regulation as a factor in market issues.
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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
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
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