Jerome Powell: “I would say in a range--you know, the truth is that there are big uncertainty bands around these forecasts.”

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

The outlook for employment and inflation does not appear to have changed much since our September meeting

Without the ability to pay interest on reserves, the Fed would lose control over rates

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