Jerome Powell: “It is the net effect of these policy changes that will matter for the economy and for the path of monetary policy.”

As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.

we don’t take into consideration political factors

We may approach that point in coming months

Job growth, he said, has slowed considerably and that the downside risks to employment are rising.